Briefing 2023-09-03

Foreign portfolio investment: Its rise before decline over a decade
Foreign investors have been withdrawing more money than injecting into the Bangladeshi securities since 2018 in contrast to what had happened over the previous six years to 2012. That is the reason why the net position of foreign portfolio investment was positive between 2012 and 2017. For the years onward, it has been in the red.
The factors that changed the flow of foreign money range from liquidity flow, performance of blue-chip stocks, yield from developed markets to the unraveling of weaknesses of the country's banking sector, floor price and macroeconomic concerns. Page 9
Tigers face do-or-die battle today
Bangladesh's Asia Cup journey hangs in the balance as they prepare to take on Afghanistan. A victory is imperative to keep their hopes alive for advancing to the next round, while a defeat would spell their elimination from the tournament. In what marks their first ODI appearance in Pakistan in 15 years, Bangladesh will face a critical showdown against Afghanistan in Lahore today (Sunday). Their campaign started on a sour note with a dismal batting performance that led to a big defeat to Sri Lanka. Page 13
Putin plans to meet Xi soon
Russian President Vladimir Putin has said that he will soon meet with his Chinese counterpart Xi Jinping. "Rather soon we will have some events and there will be a meeting with Chairman of the People's Republic of China [Xi Jinping]," the Russian president said on Friday during an open lecture entitled "Conversations about what matters." Page 14