Padma Bridge to reduce industry, tech gaps in south
Padma Bridge will not only increase connectivity in Bangladesh, but also revolutionise the industrial landscape in southern parts of the country by creating new business avenue of opportunities, according to various entrepreneurs. The 6.15-kilometre steel truss bridge officially opened for public use yesterday and at present, an average of about 24,000 vehicles will use it daily but the number is projected to hit 67,000 by 2050. It is expected that Padma Bridge will add 1.5 per cent to the GDP and change the lives of more than 3 crore people in the country. Several other development projects were also undertaken centring Padma Bridge and so, the completion of all these initiatives will lead to extensive development in the country’s infrastructure. With the construction of this bridge, southwestern districts, which are lacking in technology and industry, will be able to catch up with other parts of the country, and regional trade will flourish.
The 27th Annual General Meeting of Dhaka Bank Limited was held recently on digital platform
The 27th Annual General Meeting of Dhaka Bank Limited was held recently on digital platform. Abdul Hai Sarker, Chairman of the Board of Directors of the Bank, presided over the meeting. Among others, Vice Chairman Jashim Uddin, Former Chairman A T M Hayatuzzaman Khan, Directors and Managing Director & CEO Emranul Huq were also present. The AGM approved 12 per cent cash dividend.
Govt cuts rice import duty to stabilise market
The government has decided to reduce the duty on rice imports to meet the local demand and stabilise the market as a shortage of wheat supply made many consumers dependent on rice. The Covid-19 pandemic, the Russia-Ukraine war, and India’s ban on wheat export have caused the drop in wheat imports, while floods have harmed rice cultivation in the country this year. In a statutory regulatory order (SRO) issued Thursday, the National Board of Revenue (NBR) reduced the tariff on rice import from 62.5% to 25%, which will be effective from 22 June to 31 October this year.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 823.32||↑ 2.68 %|
|FTSE100||$ 7,208.81||↑ 188.36||↑ 2.68 %|
|Nikkei 225||$ 26,491.97||↑ 320.72||↑ 1.23 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 107.62||↑ 3.35||↑ 3.21 %|
|Crude Oil (Brent)||$ 113.12||↑ 3.07||↑ 2.79 %|
|Gold Spot||$ 1,826.88||↑ 4.11||↑ 0.23 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 92.9268|
|GBP 1||BDT 114.1054|
|EUR 1||BDT 97.8671|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<