Briefing 14-08-2022

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FE Team | Published: August 13, 2022 23:30:06

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Savar Refractories’ delisting process
Savar Refractories Ltd, a Z-category company, has started the process of voluntary delisting, being unable to carry on operation amid continued losses on account of shrinking demand for its products. Talking to the FE, the company's officials said Savar Refractories' paid-up capital is very insufficient to compete in the industry. Page 9
Russia warns US of consequences
Any possible seizure of Russian assets by the United States will completely destroy Moscow's bilateral relations with Washington, TASS quoted the head of the North American Department at the Russian foreign ministry as saying on Saturday. Russia's relations with the West have deteriorated sharply since Moscow sent tens of thousands of troops into Ukraine on Feb 24, calling it a "special military operation". Page 14
‘Handle social media, OTT platforms softly’
Speakers at a programme on Saturday urged the government to impose soft regulation on social media and over-the-top (OTT) platforms as the sector is still in the preliminary stage. They also suggested the authorities concerned to consult with all stakeholders before finalising the drafted Regulation for Digital, Social Media and OTT Platforms 2021. Page 16
Shakib made T20 captain for Asia Cup, WC
Shakib Al Hasan on Saturday has been named made Bangladesh's Twenty20 international captain after he bowed to a Bangladesh Cricket Board (BCB) ultimatum to scrap a deal with a betting site, report agencies. The all-rounder was given the nod to lead the side for the upcoming Asia Cup in the United Arab Emirates and the World Cup in Australia. Page 13