Bangladesh budget

BBN file photo

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

Bangladesh FM unveiling over BDT 4.64 trillion budget
Bangladesh Finance Minister AMA Muhith is placing over BDT 4.64 trillion budget outlays for fiscal 2018-19 at the National Parliament of Bangladesh on Thursday.

Lower tax for listed banks
Finance Minister AMA Muhith has proposed to reduce corporate tax for listed banks, insurance and financial companies, aiming at pulling in investors.

Tk 42,000cr bank borrowing to finance deficit
Finance Minister AMA Muhith today proposed to borrow Tk 42,029 crore from the banking sources to manage the deficit financing.

Bangladesh’s stocks back to the red at closing on budget day
Bangladesh’s stocks returned to the red on Thursday, breaking a two-day gaining streak, on the budget declaration day.

Duty on imported rice re-imposed to protect farmers
Finance Minister AMA Muhith today proposed to re-impose 25 per cent customs duty and 3 per cent regulatory duty on rice imports to protect the farmers as the country got a bumper paddy production in the boro season.

Bangladesh’s GDP growth targeted 7.8pc
The Bangladesh government has set 7.8 per cent gross domestic product (GDP) growth target for fiscal 2018-19.

Budget: Prices up, prices down
Finance Minister AMA Muhith today proposed changes to duties on different products, which will result in increase and decrease in their prices.

Bangladesh’s tax-free income ceiling remains unchanged
The Bangladesh government kept the tax-free income ceiling for individual taxpayers unchanged at BDT 2.5 lakh in the fiscal 2018-19.

Budget FY19: Investment will be 33.54% of GDP
Finance Minister AMA Muhith has proposed scaling up total investment to 33.54% of total GDP in the next fiscal year to achieve the country’s economic targets.

Sensex rallies 420 points; Nifty crosses 10,800-level
Benchmark indices were trading higher by over one per cent on heavy in rate-sensitive realty, metal and banking amid positive global cues. Short-covering by investors at lower levels post RBI rate hike boosted the domestic sentiment.

Indian rupee weakens to 67.14 on repo rate hike, fresh dollar demand
The Indian rupee depreciated by 22 paise to 67.14 against the US dollar due to repo rate hike and fresh demand for the American unit from importers and banks.

Asian markets climb after Dow tops 25,000 and as investors digest ECB comments
Asian shares closed higher on Thursday, with Japan leading gains in the region. That followed moves higher on Wall Street in the last session, which saw the Dow Jones industrial average close above 25,000.

Gold inches up as euro gains against dollar
Gold prices inched up on Thursday as the euro rose to 2-week highs against the U.S dollar, with investors waiting for meetings of key central banks and the U.S.-North Korea summit all due next week.

Oil prices rise on Venezuelan supply troubles, but US output surges
Oil prices rose on Thursday to shake off some of the previous session’s losses, supported by plunging exports by OPEC-member Venezuela.

Top 5 things to know in the market on Thursday
Here are the top five things you need to know in financial markets on Thursday, June 7.