TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash January 10, 2024

Bangladesh offers apparel to UK way cheaper than competitors

Bangladesh offers some of the lowest prices for apparel products in the UK market compared to other major exporters such as China, India and Turkey, according to UK government data. Data from UK Trade Info indicates that, during the January-October period of 2023, the average price of apparel products exported from Bangladesh was 21.39% lower than those from China, 32% lower than those from Turkey, and 26.75% lower than those from India. During January-October 2023, the UK’s global import of clothing declined by 16.44% in dollar value and 12.20% in volume, compared to the same period of the preceding year, UK Trade Info data shows. Analysing UK import data, the share of Bangladesh in the UK’s clothing import is 23% in monetary value and 28% in volume.

Source: https://www.tbsnews.net/economy/rmg/bangladesh-offers-apparel-uk-way-cheaper-competitors-772574

VAT from large firms rises 21% in 5 months

The National Board of Revenue (NBR) has reported a 21% year-on-year rise in VAT collection from large companies in the first five months of the fiscal 2023-24, thanks to price hike in gas and tariff increase in tobacco, which resulted in higher sales prices and, consequently, more VAT collected. Officials concerned said the NBR’s Large Taxpayers Unit (LTU-VAT) collected around Tk26,000 crore in the first five months of FY24, an increase of more than Tk5,000 crore; two sectors –  gas and tobacco – contributed TK3,000 crore. VAT collection from the gas sector during the period increased by 105% on the back of gas price hike by up to 187% in February 2023.

Source: https://www.tbsnews.net/nbr/vat-large-firms-rises-21-5-months-770210

Garment tech show, GAP Expo begin tomorrow

Garment Technology Bangladesh (GTB) 2024, an international trade show focused on garment machinery and allied products, will be held in Dhaka on January 11-14, alongside GAP Expo showcasing garment accessories and packaging. The 21st edition of GTB 2024 and the 12th edition of GAP Expo 2024, organised jointly by ASK Trade & Exhibitions Pvt Ltd and Bangladesh Garment Accessories Packaging Manufacturers & Exporters Association, will take place at the International Convention City, Bangladesh (ICCB). The event will provide a platform for some 300 companies to showcase their latest technology machines and software used in each and every process of garmenting. Some 300 exhibitors from over 20 countries will join the four-day event, making it one of the largest trade shows of its kind in Southeast Asia.

Source: https://today.thefinancialexpress.com.bd/trade-market/garment-tech-show-gap-expo-begin-tomorrow-1704820709

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 37,525.16
↓ 157.85↓ 0.42 %
FTSE100$ 7,683.96↓ 10.23↓ 0.13 %
Nikkei 225$ 34,441.72↑ 678.54↑ 2.01 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 72.54↑ 0.30↑ 0.42 %
Crude Oil (Brent)$ 77.86↑ 0.27↑ 0.35 %
Gold Spot$ 2,028.68↓ 1.52↓ 0.07 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.0000
BDT 110.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited