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.
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.
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.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 365.85 ||↓ 1.10%|
|FTSE100||$ 7,497.19 ||↑ 24.18||↑ 0.32%|
|Nikkei 225||$ 26,033.34 ||↓ 307.16||↓ 1.17%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage 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 *
|USD 1||BDT 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.<