Briefing 2022-10-05

Pharma sector drives DSEX up

Dhaka bourse closed the Tuesday's session higher, both in broad index and turnover, with major sectors witnessing mixed performance. On the day, some major sectors such as banking, engineering, general insurance and telecommunications declined marginally but pharmaceuticals & chemicals played a market-supportive role, helping the benchmark equity index close in the green. Page 9

North Korea fires missile over Japan

North Korea on Tuesday fired a ballistic missile over Japan for the first time in five years, forcing Japan to issue evacuation notices and suspend trains during the flight of the nuclear-capable weapon that could reach the U.S. territory of Guam and possibly beyond. Page 17

‘Tariff removal to raise BD-Turkiye trade’

Removal of tariff barriers in Turkish market for Bangladeshi businesses can significantly help grow bilateral trade between the two countries, said Dhaka Chamber of Commerce & Industry (DCCI) President Rizwan Rahman. In a recent meeting with Turkish Minister for Trade Dr Mehmet Mus at his ministry in Ankara, Rizwan Rahman said the bilateral trade between Bangladesh and Turkiye is around US$ 900 million which can be increased to over $2.0 billion through trade diversification. Page 20

Siddons wary ahead of T20 World Cup

Jamie Siddons, the Bangladesh batting coach, feels that if they can challenge Pakistan and New Zealand in the upcoming T20 tri-series then they will consider themselves to be ready for the T20 World Cup. A 2-0 series win against the UAE recently came as some respite for Bangladesh who have been quite below-par in Twenty20 Internationals in the recent past. Page 15