In Bangladesh, South Asia’s garment industry leader, exports are a key element in the strong growth outlook. Photo: ADB

Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s midday business round up compiling reports, published by different newspapers and news portals in Bangladesh and other countries.

Bangladesh Taka depreciates 10 paisa more against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum 10 paisa more against the US currency in early hour transactions on Thursday in inter-bank foreign exchange (forex) market.

ADB, City Bank sign trade finance deal in Bangladesh
The Asian Development Bank (ADB) and the City Bank Limited on Thursday signed a loan agreement for $5 million to support import and export financing for Bangladeshi businesses.

Bangladesh’s stocks stay upbeat at midday
Bangladesh’s stocks stayed upbeat at midday on Thursday as the optimistic investors continued their buying spree.

Booming S Asia is driving economic growth in Asia
While overall economic growth in Asia is forecast to slow marginally this year, the dynamic economies of South Asia continue to post impressive numbers.

Premier Bank of Bangladesh recommends dividend
The board of directors of Premier Bank of Bangladesh has recommended 10 percent cash and 2.0 percent stock dividend for the year ended on December 31 in 2016, said an official disclosure on Thursday.

ADB projects 6.9% growth for Bangladesh in 2017
The Asian Development Bank has projected Bangladesh’s growth to be 6.9 percent in 2017, it said in its latest Asian Development Outlook 2017 report.

Production capacity of Apex Tannery increases to 20pc
Production capacity of Apex Tannery increased to 20 percent as the factory began its commercial production on new factory premises in Savar Tannery Industrial Estate.

Bangladesh’s two more insurance cos recommend dividend
The board of directors of two more listed insurance companies have recommended dividend for the year ended on December 31, 2016, according to separate official disclosures on Thursday.

F&O expiry: Sensex sheds 71 points; metal, FMCG stocks lose shine
Stock markets came off their peak and turned weak today after three back-to-back sessions of gains as the benchmark Sensex slipped in view of April derivatives expiry.

Indian rupee trading weak at 64.12 on fresh dollar demand
The Indian rupee washed out initial gains to quote a tad weak at 64.12 against the dollar in the pre-noon trade on fresh demand for the greenback from banks and importers despite its weakness in overseas market.

Asian equities mostly lower, Trump tax plans eyed; Samsung surges 1.3%
Markets in Asia were mostly lower in Thursday trade following the lower close on Wall Street as investors parsed details on U.S. President Donald Trump’s highly-anticipated tax reform plans.

Oil prices fall on lingering oversupply concerns
Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels.

Gold slips, but Trump tax reform doubts cap losses
Gold prices edged down on Thursday on ebbing geopolitical worries but skepticism over U.S. President Donald Trump’s proposed tax reform curbed further losses.
BBN/SS/ANS