Briefing 17-06-2022
Friday, 17 June 2022
Kamal’s remark spurs stock prices
The finance minister's latest remark that the stock market would make a turn around when the new budget implementation begins, encouraged investors to be active on Thursday. Finance minister AHM Mustafa Kamal Wednesday said when the laundered money will return home, a portion of it will be invested in stocks and in various trades and industries. Page 9
Stale breads keep some Afghans alive
On a market stall in front of a blue-domed mosque in Kabul, large orange sacks are filled with stale, leftover naan bread. It's usually fed to animals, but now, according to those selling it, more Afghans than ever are eating it themselves. Page 17
ADB to provide $143m
The Asian Development Bank (ADB) will provide US$143 million worth of policy-based loan to improve the cross-border trade handling environment in the land ports of Bangladesh. Economic Relations Division (ERD) Secretary Fatima Yasmin and Country Director of ADB Mr. Edimon Ginting signed the loan agreement virtually on Wednesday, according to a statement issued on Thursday. Page 20
Oil prices fall after rate hikes
Oil prices erased early gains to fall to two-week lows on Thursday on the back of inflation concerns highlighted by interest rate hikes in the United States, Britain and Switzerland, though tight oil supply limited losses. Page 19