Briefing 2023-05-24

BSEC orders probe as Oimax share

price surges 48pc in a month

The auditor of the Oimex Electrode gave qualified opinion on the company's financial statements for fiscal year (FY) 2022, saying that the liability amount of the company could not be confirmed due to non-availability of details of tax base. The auditor's report also highlighted several other inconsistencies, saying that the company's fixed assets could not be identified due to lack of updated records, existence, completeness and accuracy. Page 9

Shakib set to play LPL

Bangladesh allrounder Shakib Al Hasan is all set to play the Lankan Premier League (LPL), a Sri Lanka-based franchise T20 tournament, for the first time in his career as he was signed up by Galle Gladiators. The franchise roped him in on a direct contract, according to the report by the Sri Lankan media. Page 17

Imran wins bail in multiple cases

Pakistan's former prime minister Imran Khan was granted bail in multiple cases by an anti-terrorist court in Islamabad, Bloomberg News reported on Tuesday. Khan on Tuesday was questioned by an anti-graft agency on corruption charges, his lawyer said, less than a week after he rejected a summons to appear and denounced the allegations against him. Page 18

Eurozone growth slows in May

Economic growth in the eurozone edged down in May to a three-month low because of a drop in industrial production, according to a closely watched survey published on Tuesday. For the fifth month in a row, growth in the 20-country single currency zone remained in positive territory, but growth is now at its lowest level since February. Page 20