Briefing 2023-06-22

8 cos to be downgraded to Z category for failing to pay dividends for FY22

Eight companies of the DSE's main board are going to be downgraded from A and B category to Z category for failing to pay the dividends that the boards declared and got approved by the securities regulator for FY22. The A category companies are Fortune Shoes, Taufika Food and Lovello Ice-cream, Lub-rref (Bangladesh), Associated Oxygen and S. S. Steel. And 'B' category companies are Advent Pharma, Safko Spinning Mills and Pacific Denims. Page 9

SAFF Championship: BD face Lebanon today

Bangladesh will start their eight-nation SAFF Championship campaign as they will face Lebanon in their opening Group B match at the Sree Kanteerava Stadium in Bangaluru today (Thursday). Private satellite channel T-Sports will telecast the match live that kicks off at 4 pm (BST). Page 17

Netanyahu okays 1,000 new homes in W Bank

Israeli Prime Minister Benjamin Netanyahu says his government has approved plans to build 1,000 new homes in the West Bank settlement where four people were killed by a pair of Palestinian gunmen. "Our answer to terror is to strike it hard and to build our country," Netanyahu said. The new homes are to be built in Eli - the site of Tuesday's deadly attack. Page 18

Essential Drugs to produce 13 vaccines

Essential Drugs Company Limited (EDCL) will locally manufacture 13 categories of vaccines including that of coronavirus as it signed a MoU with US-based on Wednesday. Managing Director of EDCL Dr. Ehsanul Kabir and CEO of Dyadic International Mark Emalferb inked the MoU at a ceremony at the health ministry conference room in Dhaka. Page 20