Dhaka, Bangladesh (BBN)– The BBN has prepared the mid-day business round up compiling reports, published by different newspapers and news portals in Bangladesh.
World cotton imports may up, Bangladesh to remain stable in 2015/16
Bangladesh’s cotton imports are expected to remain stable in 2015/16 while the global cotton imports may rise, according to the International Cotton Advisory Committee (ICAC)’s latest report, released on Monday. The ICAC also said world cotton imports may recover modestly, increasing 2.0 per cent to 7.7 million tones with imports outside of China rising by 3.0 per cent to 6.1million tones in 2015/16. In 2011/12, Chinese imports more than doubled from the previous season to 5.3 million tones and surpassed the total volume of imports by the rest of world, which reached only 4.4 million tones.
Bangladesh’s stocks remain positive at midday
Bangladesh’s stocks continued their positive movement after two hours of trading on Tuesday amid choppy trading, the third session of the week. Brokers said the market witnessed some volatility as a group of investors booked profit while some rebalanced their portfolios ahead of budget announced to be on Thursday. After first two hours of day’s trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), stands at 4,639.49 points, gaining 16 points or 0.34 percent, when the report was filing at 12:30pm.
Bangladesh banking sector sends relief materials to Nepal
Country’s banking sector has delivered 56,328 pieces of blanket and 5,507 pieces of tarpaulin to Nepal. Twenty seven commercial banks and member of the BLFCA (Bangladesh Leasing and Finance Companies Association) had provided those relief materials in response of the Bangladesh Bank (BB), the country’s central bank calls for the Nepalese people who have been severely affected during the recent devastating earthquake.
Japan’s Nikkei continues its positive streak
Japanese markets continued their positive streak on Tuesday after rising for 12 days straight – the longest run since a 13-day climb in early 1988. Japan’s benchmark Nikkei 225 was up 0.18% at 20,606.15 in early trade. The US dollar also rose slightly to 124.88 against the Japanese yen on Tuesday, giving a boost to some Japanese firms.
Bangladesh submarine cable gets ISP license
Bangladesh Submarine Cable Company Limited (BSCCL), a listed company in the telecommunication sector, has got the nationwide internet service provider (ISP) license from the Bangladesh telecom regulator, officials said. “The company has informed that as per its application for business expansion, Bangladesh Telecommunication Regulatory Communication (BRTC) has granted an ISP license in favour of the BSCCL,” said a Dhaka Stock Exchange (DSE) web post on Tuesday.
Rupee up 4 paise against dollar
The Indian rupee is marginally up by 4 paise at 63.66 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Forex dealers said continued capital inflows as well as higher opening in the domestic equity supported the rupee, reports the Press Trust of India.