Briefing 14-05-2022

FE Team | Published: May 13, 2022 23:49:27

Briefing 14-05-2022

Stocks extend losses on economic worries
Stocks extended the losing streak for the second straight week to Thursday as nervous investors continued their selling spree amid concerns over the country's macroeconomic situation. This week featured five trading days as usual -- the first two days saw a modest gain but the stocks fell sharply in the last three sessions amid economic worries. Page 9
CPA yet to get total land for Bay Terminal
The Chittagong Port Authority (CPA) is yet to get the total amount of land it needs to construct Bay Terminal, which, once constructed will increase significantly Chittagong Port's container handling capacity. An official having full knowledge of the plan to build the Bay Terminal said the CPA needed 870 acres of land to implement the scheme. Page 16
Shakib joins Test squad
Bangladesh head coach Russell Domingo said on Friday that it will be hard to consider fifty-sixty per cent fit Shakib al Hasan in the two-match series opener against Sri Lanka. Shakib, who was ruled out of the opening Test due to COVID-19, is back into consideration for the series opener after he tested negative on May 12. Page 13
Biden pledges $150m to ASEAN leaders
US President Joe Biden opened a gathering of Southeast Asian leaders with a promise to spend $150 million on their infrastructure, security, pandemic preparedness and other efforts aimed at countering the influence of rival China. Page 14