Briefing 2023-06-28

Khan Brother PP Woven Bag joins market-dominating junk stocks
Khan Brother PP Woven Bag Industries has joined the drama of low performers dominating the market, while better companies are on the backstage -- forgotten. The stock price more than doubled in the two months to Monday on the Dhaka Stock Exchange without any reason for investors to be keen on betting on the stock. Page 9
HSIA 3rd terminal works progress 77pc
Over 77 per cent of the construction work on the third terminal at Hazrat Shahjalal International Airport (HSIA) in Dhaka has been completed, and it is expected to be operational next year. Chairman of the Civil Aviation Authority Bangladesh (CAAB) Air Vice Marshal Muhammad Mafidur Rahman said this at a press conference at the under-construction terminal on Tuesday. Page 16
ICC World Cup 2023 schedule unveiled
The International Cricket Council (ICC) on Tuesday unveiled the detailed schedule for the 50-over Cricket World Cup 2023, set to be held in India in October and November this year. In their first match on October 7, Bangladesh will take on Afghanistan at the Himachal Pradesh Cricket Association Stadium in Dharamsala. Page 15
Brazil dominating destruction of forests
An area of tropical forest the size of Switzerland was lost last year as tree losses surged, according to new research. It means that a political pledge to end deforestation made at COP26 by world leaders is well off track. Some 11 football pitches of forest were lost every minute in 2022, with Brazil dominating the destruction. But a sharp reduction in forest loss in Indonesia shows that reversing this trend is achievable. Page 14