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 December 29, 2022

Metro Rail Line-6 alone to save Tk3,500cr in travel time, vehicle operation cost yearly

It will take about 40 minutes for a metro train to reach Motijheel from Uttara with a maximum speed of 100 kilometres per hour and stopping at 14 stations in the middle, while it currently takes 208 minutes to cover this 20-km distance by road. From this count, metro rail passengers will save 168 minutes on the entire route. According to a report by Japan International Cooperation Agency (JICA) – the financier of the metro rail project, with the rate at which the population and human pressure are increasing in Dhaka city, the road transport time on this route will increase to 446 minutes by 2025. But if about five lakh people ride the metro rail every day and the use of private cars and other transports is reduced as per the target, this time will come down to 164 minutes. As such, the addition of metro rail to Dhaka’s public transport is going to benefit the passengers of other transport users as well. According to Dhaka Mass Transit Company Limited, the owning company of metro rail in the country, if the MRT Line-6 is launched, the financial value of the time that passengers will save every day while travelling is Tk8.38 crore. At the same time, the operational costs of other vehicles will come down by Tk1.18 crore daily. As such, more than Tk3,489 crore will be saved in these two sectors annually following the opening of the MRT Line-6.

Source: https://www.tbsnews.net/supplement/metro-rail-line-6-alone-save-tk3500cr-travel-time-vehicle-operation-cost-yearly-558822

Korean envoy for introducing technology to stop money laundering

South Korean Ambassador to Bangladesh Lee Jang-Keun has stressed the introduction of the While List System for parallel or illegal import mobile handsets so that terrorists and extremists or money laundering entities cannot utilise PI phones. The envoy said at his first meeting in his tenure with Posts and Telecommunications Minister Mustafa Jabbar on Tuesday. The parallel or illegal import (PI) of mobile phones further complicates the industry’s business situation, hampering local manufacturing. PI phones have increased by more than 50 per cent, amounting to Tk 50 billion, for which the Bangladesh Government is losing its revenue up of to Tk 10 billion. If the While List System is applied to PI phones, phones that are not registered with their International Mobile Equipment Identity (IMEI) number with the system will not work. By doing so, terrorists and extremists or money laundering entities cannot utilise PI phones. Ambassador Lee adduced that if the White List system is ushered in Bangladesh, customers will desist from buying PI, thereby protecting legal distribution lines.

Source: https://thefinancialexpress.com.bd/economy/korean-envoy-for-introducing-technology-to-stop-money-laundering-1672233348

DSE AGM held, approves 6.0pc cash dividend

The Dhaka Stock Exchange (DSE) has approved a 6.0 per cent cash dividend for its shareholders for the year ended June 30, 2022. The approval came at the premier bourse’s 61th annual general meeting (AGM) held on Monday at the DSE Tower at Nikunja in Dhaka, according to a press release. The shareholders received, considered, and adopted the audited financial statements of the DSE for FY 2021-22, appointed auditors for the next financial year. The AGM also included two newly elected directors — Md Shakil Rizvi and Mohammad Shahjahan in the board. Also, the shareholders remembered the shareholders, relatives of the shareholders who passed away and sought forgiveness for their departed souls.

Source: https://thefinancialexpress.com.bd/stock/dse-agm-held-approves-60pc-cash-dividend-1672151091

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,875.71
↓ 365.85 ↓ 1.10%
FTSE100$ 7,497.19 ↑ 24.18↑ 0.32%
Nikkei 225$ 26,033.34 ↓ 307.16↓ 1.17%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 78.75 ↓ 0.21↓ 0.27%
Crude Oil (Brent)$ 83.00 ↓ 0.26↓ 0.31%
Gold Spot$ 1,809.01 ↑ 4.66↑ 0.26%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 104.2500
BDT 107.0000

*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