The Government to procure 3 cargoes LNG, 1.60cr litres edible oil
The government today (3 April) approved separate proposals for procuring some 3 cargoes of LNG, 1.60 crore litres of edible oil, 30,000 tonnes of fertiliser and 10,000 tonnes of lentil to meet the growing demand of the country. the government would procure one cargo LNG from M/S Vitol Asia Pte Ltd, Singapore at a cost of around Tk418.59 crore with per MMBtu LNG costing $9.23, one cargo LNG from M/S Total Energies Gas and Power Ltd Switzerland at a cost of around Tk427.67 crore where per MMBtu LNG would cost $9.23 while another one cargo LNG would be procured from M/S Gunvor Singapore Pte Ltd, Singapore with around Tk410.65 crore where per MMBtu LNG would cost $9.23. the Bangladesh Chemical Industries Corporation (BCIC) would procure 30,000 tonnes of bagged granular urea fertilizer under the 15th lot from KAFCO, Bangladesh at a cost of around Tk120.90 crore where per ton fertiliser would cost $366.37. Bangladesh Railway would procure 200 broad gauge passenger carriages from RITES Limited, India at a cost of around Tk1,626.49 crore.
Source: https://www.tbsnews.net/economy/govt-procure-3-cargoes-lng-160cr-litres-edible-oil-822141
FBCCI to call for rise in tax free income limit to Tk4.5 Lakh
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country’s apex trade body, will be advocating for an increase in the tax-free income limit by Tk1 lakh to Tk4.5 lakh in a meeting with the National Board of Revenue (NBR) on 4th April. The body is also likely to propose an increase in the tax-free threshold for women and senior citizens to Tk5 lakh, as the nation is experiencing high inflation. The current tax-free income limit stands at Tk3.5 lakhs. In the fiscal year 2023-24, the government had raised the tax-free income limit by Tk50,000 from Tk3 lakh. Income tax rates currently stand at 5 percent for the next Tk1 lakh, 10 percent for the subsequent Tk3 lakh, 15 percent for the next Tk4 lakh, 20 percent for the following Tk5 lakh, and 25 percent for the remainder of the income.
Source: https://www.tbsnews.net/economy/fbcci-call-rise-tax-free-income-limit-tk45-lakh-822421
Upay offers hassle-free bus ticket booking
Fast-growing mobile financial service provider upay has recently kicked off a campaign styled as ‘Eid Jatra (Eid Journey)’ to offer a seamless way of booking advance bus tickets ahead of Eid. As it is difficult to buy tickets amid the rush of Eid holidaymakers, upay’s ‘Eid Jatra’ campaign ensures hassle-free booking through their app, offering convenience and discounted fares. The campaign will continue until April 3. Interested people can buy tickets of Shyamoli N.R Travels (Non-AC) directly through upay app on selective routes. Customers can also avail tickets at a 20 per cent discount on ticket prices.
Source: https://today.thefinancialexpress.com.bd/trade-market/upay-offers-hassle-free-bus-ticket-booking-1712163261
Local and Global Stock Indices *
Index Name | Close Value | Value Change | Percentage Change |
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DJIA | $ 39,127.14 | ↓ 43.10 | ↓ 0.11 % |
FTSE100 | $ 7,937.44 | ↑ 2.35 | ↑ 0.03 % |
Nikkei 225 | $ 40,081.81 | ↑ 629.96 | ↑ 1.60 % |
World Commodities *
Commodity | Close Value | Value Change | Percentage Change |
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Crude Oil (WTI) | $ 85.74 | ↑ 0.31 | ↑ 0.36 % |
Crude Oil (Brent) | $ 89.67 | ↑ 0.32 | ↑ 0.36 % |
Gold Spot | $ 2,298.78 | ↓ 1.22 | ↓ 0.05 % |
Major Currencies Exchange Rates Movement in Last Seven Days *
Exchange Rates |
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Currency | Lowest | Highest |
USD 1 | BDT 110.0000
| BDT 110.0000 |
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*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<