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
Rate last updated: 02/01/2014 11:15:04 AM
Imports via Chattogram port remained virtually unchanged in the first quarter of the current fiscal year, with a year-on-year decline of just 0.12%. However, import costs fell by about 9% during the same period. According to Chattogram Customs House data, about 2,16,30,394 tonnes of goods were imported through the country’s premier seaport in the July-September period of FY24 compared to 2,16,57,444 tonnes imported during the same period of FY23. Import expenditure for the July-September period of FY24 stood at around Tk1,09,430 crore, down by 8.81% from Tk1,20,007 crore for the same period in FY23. Chattogram Customs House received about Tk16,475 crore of revenue from imports in the July-September period of FY24 compared to Tk15,385 crore collected during the same period of FY23.
Source: https://www.tbsnews.net/economy/import-cost-ctg-port-falls-9-q1-fy24-728770
Zara owner Inditex, the world’s largest clothing retailer, said on Friday its suppliers would buy 2,000 tonnes of a raw material made out of cotton textile waste by Swedish company Renewcell. Renewcell is one of the world’s first commercial-scale textile-to-textile recycling factories that helps clothing retailers replace virgin fibres with recycled textiles. It produces a textile pulp made from chemically recycled cotton waste, branded as Circulose. Inditex, which like other fast-fashion retailers is under pressure to reduce waste and use recycled fabrics, earlier this week signed a deal to buy recycled polyester from a US-based startup. The Spanish company intends to source 25 per cent of its fibres from “next generation” materials by 2030. Levi Strauss has already signed a deal with Renewcell to buy Circulose to make one of its blue jean pants, adding it to organic cotton. Swedish retailer H&M also agreed in 2020 to use Circulose material across its brands over a five-year period.
The US economy heated up more than expected in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession. Analysts have raised fears of a downturn as the US central bank started lifting interest rates rapidly last year to fight inflation, but the world’s biggest economy has so far defied these predictions. A key factor is the strong labor market, which has provided healthy wage growth, allowing consumers to keep spending even as they draw down on pandemic-era savings. Gross domestic product growth came in at an annual rate of 4.9 percent for the July to September period, the quickest pace since late 2021. A 4.0 percent leap in consumption propelled GDP growth — contributing 2.7 percentage points to the headline number.
Source: https://www.thedailystar.net/business/global-economy/news/us-economy-grows-faster-expected-3455586
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DJIA | $ 32,417.59 | ↓ 366.71 | ↓ 1.12 % |
| FTSE100 | $ 7,291.28 | ↓ 63.29 | ↓ 0.86 % |
| Nikkei 225 | $ 30,991.69 | ↑ 389.91 | ↑ 1.27 % |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 85.54 | ↑ 2.33 | ↑ 2.80 % |
| Crude Oil (Brent) | $ 90.48 | ↑ 2.55 | ↑ 2.90 % |
| Gold Spot | $ 2,006.37 | ↑ 21.66 | ↑ 1.09 % |
| Exchange Rates | ||
|---|---|---|
| Currency | Lowest | Highest |
| USD 1 | BDT 110.5000 | BDT 110.5000 |
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