Briefing 2023-08-27

Familytex: A company meant
to rip off retail investors
Among the listed companies of the textile sector on the website of the Dhaka Stock Exchange (DSE), one will come across Familytex (BD). Except for the company's name and some sporadic financial figures uploaded until 2020, no other information and corporate disclosure is available of the company. The 'Z' category company has not been in operation but it is hard to say for how many years. It also has no website. Page 9
IS doubles area they control in Mali
Islamic State extremists have almost doubled the territory they control in Mali in less than a year, and their al-Qaida-linked rivals are capitalising on the deadlock and perceived weakness of armed groups that signed a 2015 peace agreement, United Nations experts said in a new report. The stalled implementation of the peace deal and sustained attacks on communities have offered the IS group and al-Qaida affiliates a chance "to re-enact the 2012 scenario," they said. Page 14
Tigers eye a Super Fours berth in Asia Cup
The Bangladesh cricket team are all set to depart for Sri Lanka today (Sunday) to participate in this year's ACC Asia Cup, which is slated to be held in both Sri Lanka and Pakistan. Ahead of their departure for Sri Lanka, Bangladesh's head coach, Chandika Hathurusunghe, stated that their initial goal is to secure qualification for the second round of the event. Page 13
Shrimp export earnings decline 24pc
Earnings from export of Bangladeshi shrimp have declined by an estimated 24 per cent recently due to the impact of the long-running Russia-Ukraine war on international markets, according to exporters. They analysed that the demand for other fishes, including shrimp, has decreased significantly due to the ongoing global economic recession. Page 16