Briefing 2023-06-11

Why market to bleed more due to floor price now than during Covid
The stock market took 15 months to stride past the bar on price movement after its introduction for the first time in March 2020, benefiting from stimulus measures and idle cash with scanty investment opportunities during the pandemic. Flooded with fresh investments, the broad index grew at a faster pace than many other Asian countries, such as Pakistan, Japan, Malaysia, and China, and even the UK at the time. Page 9
Blinken reschedules Beijing visit
US Secretary of State Antony Blinken will travel to China next week, rescheduling a visit that was canceled in February after a saga over a suspected surveillance balloon, US officials said on Friday. Blinken is expected to arrive in Beijing on June 18, the first trip by a top US diplomat to China since his predecessor Mike Pompeo in October 2018, US officials said on condition of anonymity. Page 14
ICCB pushes for good governance
Graduating to a middle-income country will require Bangladesh to fulfill a number of international compliances, said ICCB President Mahbubur Rahman. "Therefore, good governance must also be addressed in both the public and the private sector, which is still far below the global indexes," he said while presenting the Executive Board Report at the 28th Annual Council of ICCB held in Dhaka. Page 16