Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Sunday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh is financial inclusion model to world: ADB
Bangladesh is poised to become a role model of inclusive finance for developing countries, ADB Chief Economist Professor Yasuyuki Swada has said. The ADB chief economist’s observations came at a meeting with former Governor of Bangladesh Bank Professor Dr. Atiur Rahman at Yokohama conference where ADB’s 50th anniversary is being celebrated, according to a message, received in Dhaka on Sunday.
Bangladesh Taka remains unchanged against US dollar
The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained almost stable in early hour transactions on Sunday. The US dollar was quoted at maximum BDT 80.45 unchanged from the previous level till the report was filed at 12:56 pm (local time).
Bangladesh’s stocks fail to stay positive at midday
Bangladesh’s stocks failed to stay positive trend at midday on Sunday as cautious investors started to book quick-gain on sector specific stocks. Following the previous week’s marginal gain, the key index of the country’s prime bourse advanced 13 points while the Selective Category Index of port city bourse rose 42 points within first 15 minutes of trading at 10:45am.
Bangladesh’s higher growth depends on better project implementation capacity – ADB official
Bangladesh is now an emerging economy and is doing right in terms of policy formulation and development project implementation. Mr Hun Kim, director general of the South Asia Department of the Asian Development Bank (ADB) said this at a press briefing in Yokohama on Sunday morning.
US Dollar Trades To 2017 Lows Shadowing Commodity Crash, Post-NFP
The dollar bulls may soon be running out of reasons why the downtrend is a fluke that’s soon to turn. This week presented two positive headlines in the form of NFP on Friday showing a beat of private jobs added to the economy and a Federal Reserve willing to look through the data.