Briefing 2022-09-27

Stocks flat as investors take to sidelines

Stocks posted a slight fall on Monday after the previous day's major correction, with turnover dropping sharply, as investors adopted a wait-and-see approach ahead of corporate declarations. The market opened on a slow trend and moved between positive and negative several times before closing marginally, lower while prices of most of the shares remained unchanged. Page 9

5 rescuers perish in Philippines typhoon

Five rescue workers in the Philippines have been killed in a typhoon that has left homes flooded and millions without electricity. They were washed away in flash floods while carrying out operations in the district of San Miguel, north of the capital Manila. Page 17

Tigresses qualify for ICC Women's T20 WC

Bangladesh won the ICC Women's World T20 Qualifier-2022 after defeating Ireland by seven runs in the final in Abu Dhabi on Sunday. Both Bangladesh and Ireland booked their places in the World Cup after qualifying for the final. The next ICC Women's T20 World Cup is set to be played in South Africa in February 2023. Page 15

RMG exports to face double trouble in EU

Local apparel exports to the European Union markets might face double trouble during the country's post-graduation period due to losing duty benefit and likely introduction of EU's carbon border adjustment mechanism (CBAM) by then, according to a latest research report. The EU has moved to impose the carbon tax initially in five sectors - cement, iron and steel, aluminium, fertiliser and electricity - from January next year as part of its long-term initiative, known as EU's Green Deal to transform into a carbon-neutral economy by 2050. Page 20