Briefing 17-08-2022
Wednesday, 17 August 2022
Stocks gain steam as turnover jumps
Stocks closed higher on Tuesday, extending the recovery from last week's price corrections, as investors' participation increased significantly amid signs of easing economic strains. On the day, the turnover on the Dhaka Stock Exchange (DSE) crossed Tk 10 billion as investors went on a buying spree while the securities gained across the board. Page 9
Chinese ship in S Lanka despite concerns
A Chinese research vessel bristling with antennas and communication gear docked at Sri Lanka's Chinese-run port of Hambantota on Tuesday despite concerns from India and the United States (US) about its alleged spying activities. The Yuan Wang 5 entered the deep-sea port after securing permission to enter Sri Lankan waters on the condition it would not engage in research, port officials said. Page 17
FIFA bans Indian football federation
FIFA has suspended the All India Football Federation (AIFF) with immediate effect due to "undue influence from third parties", world soccer's governing body said on Monday. The suspension also means that the Under-17 women's World Cup, which was scheduled to take place in India from October 11-30, cannot be held in the country as planned. Page 15
ILO teams up with BIDA to simplify OSS
The International Labour Organization (ILO) and the Bangladesh Investment Development Authority (BIDA) have teamed up to streamline one-stop service for investors. In this connection, they signed an agreement in the city on Tuesday to promote, simplify and harmonise the one-stop service (OSS) of BIDA, says a statement. Page 19