Briefing 2022-10-08
Saturday, 8 October 2022
Stocks notch modest gains
The stock market drifted sideways in the week to Thursday, as it notched modest gains, paring all the losses made in the previous week, with major sectors showing mixed performance. Of the four trading days this week, three sessions closed higher while one session suffer losses. Investors were busy both buying and selling shares while sector-specific stocks lured many investors. Page 9
Tigers begin T20 series with defeat
A middle order batting collapse caused Bangladesh's 21-run defeat to Pakistan in their opening game of the tri-nation T20 tournament at Hagley Oval in Christchurch on Friday. Bangladesh which looked to seal the deal in emphatic way after restricting Pakistan to 167-5, lost four wickets for 14 runs in the middle overs, which eventually held them back to 146-8. Page 13
Biden on Putin's nuclear threat
Russian President Vladimir Putin's threat to use nuclear weapons in Ukraine has brought the world closer to "Armageddon" than at any time since the Cold-War Cuban Missile Crisis, US President Joe Biden said. Putin celebrated his 70th birthday to fawning praise from some officials. Page 14
More development projects afoot
Bangladesh plans more expressways and bridges integrating existing bridges, flyovers, highways and tunnels countrywide for better transport and road infrastructure to support trade and industry. As economists say the 6.51-kilometre Padma Bridge will benefit the $500-billion economy, policymakers now eye more such projects to consolidate the country's ability to embrace both domestic and foreign investment. Page 16