Sunday’s evening business round up of Bangladesh

Last updated: April 8, 2018

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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Sunday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.

Bangladesh’s stocks extend gaining streak for third day
Bangladesh’s stocks extended the gaining streak for third straight sessions Sunday as optimistic investors showed their buying appetite on sector-wise stocks.

BB suggests BSEC encourage Sukuk in capital market
Bangladesh Bank has suggested encouraging Islamic Shariah compliant investment certificate Sukuk in the capital market.

ICB to issue subordinated bond worth BDT 20 billion
The state-run Investment Corporation of Bangladesh (ICB), which is one of the largest investors in the capital market, decided to issue a subordinated bond worth BDT 20 billion.

MCCI seeks higher tax-free income ceiling
The Metropolitan Chamber of Commerce and Industry (MCCI) has demanded increasing the tax-free income ceiling for individual taxpayers to Tk 0.45 million (4,50,000) for the upcoming fiscal year from existing Tk 0.25 million.

Four more listed cos recommend dividend for 2017
The board of directors of four more listed companies have recommended dividend ranging 10 percent to 30 percent for the year ended on December 31, 2017, according to separate official disclosures on Sunday.

RMG worker gets death for killing labour leader Aminul
A Tangail court today sentenced a readymade garment worker to death for killing labour leader Aminul Islam in 2012.

Army should be deployed in next general elections: CEC
Chief Election Commissioner KM Nurul Huda today said army should be deployed during the next general elections but he strongly opposed its need for any local government elections.

Bangladeshi products face highest tariffs in US market: Study
Nearly all Bangladeshi products face tariffs with its average rate being the highest in the United States market. The amount is 15.2 per cent of the total value of Bangladesh’s exports to the US, according to an analysis of the Pew Research Centre, a Washington-based organisation.

Baki wins silver in Commonwealth Games
Abdullah Hel Baki narrowly missed out on the gold medal in the Commonwealth Games but defended his silver medal in 10m Air Rifle event in Gold Coast, Australia this morning.

Crude Oil Prices - Weekly Outlook: April 9 - 13
A trio of escalating U.S.-China trade tensions, worries over increasing U.S. production levels and ongoing efforts by major global crude producers to reduce a supply glut will likely be the main drivers of sentiment in the oil market in the week ahead.

Gold / Silver / Copper Prices - Weekly Outlook: April 9 - 13
Gold prices may continue to be underpinned by safe haven demand and a softer dollar in the coming week after rising on Friday amid renewed fears over trade tensions between the U.S. and China and after a weaker than expected U.S. jobs report.

Crude Oil Price Forecast: Demand Now in Focus
Oil ended the week with a thud, closing 4.6% lower after China threatened to fight back "at any cost" against new U.S. proposals for an additional $100 billion in trade tariffs.

Economic Calendar - Top 5 things to watch this week
Rhetoric rather than economics could be the main driver of sentiment in the week ahead, as investors watch further developments amid a brewing trade war between the U.S. and China that has sent a shiver through financial markets.

Take Five: World markets themes for the week ahead
Following are five big themes likely to dominate the thinking of investors and traders in the coming week, and the Reuters stories related to them.
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