Liquefied petroleum gas (LPG) traders in Bangladesh have withdrawn their strike following a meeting with Bangladesh Energy Regulatory Commission (BERC) Chairman Jalal Ahmed. The announcement came after discussions held at the BERC office on Thursday, leading to the immediate resumption of LPG sales across the country.

According to Gas Traders Cooperative Association President Selim Khan, the strike was linked to demands that consumer rights raids on LPG shops be halted. Traders also urged authorities to fix the retail price of a 12-kilogram LPG cylinder at 1,500 taka. The strike had been declared on Wednesday night in response to nationwide raids and fines, with traders threatening to suspend LPG supply from all company plants until their demands were met.

In the broader context, the government has initiated steps to revise VAT and tax structures on imported and locally produced LPG amid rising shortages and price instability. Efforts are also underway to ease bank loan and letter of credit procedures for LPG imports.

In early December, Turkey’s state-run company Turkish Petroleum (TPAO) signed five agreements with Pakistan to explore oil and gas in the country’s maritime zones of the Indian Ocean. The deals, valued at over 300 million US dollars, cover three offshore blocks in Pakistan’s international waters and two onshore coastal blocks. While the agreements drew limited global media attention, they mark a significant step for both nations in expanding energy and strategic cooperation.

The partnership reflects Turkey’s effort to diversify its energy exploration map and Pakistan’s attempt to revive its long-neglected deep-sea mineral exploration. TPAO plans to deploy seismic fleets in Pakistan’s waters and open a permanent office in Islamabad, forming a consortium with state-owned Pakistani energy firms. The move comes ahead of Pakistan’s 2025 offshore bidding round, one of its most important exploration initiatives in two decades.

Beyond energy, the cooperation extends to defense, mining, and drone manufacturing, signaling a broader strategic alignment. The collaboration positions both countries to strengthen economic and security ties while expanding Turkey’s geopolitical presence in the Indian Ocean.

The Bangladesh government has reduced value-added tax (VAT) on both imported and locally produced liquefied petroleum gas (LPG). A notification issued on Thursday announced that VAT on LPG imports has been lowered from 15 percent to 10 percent, while domestic production will now be subject to a 7.5 percent VAT rate.

At the same time, the LP Gas Business Cooperative Association has declared a nationwide halt to LPG cylinder sales starting today. The association announced in a notice on Wednesday that all LPG marketing, supply, and plant operations across Bangladesh would remain suspended until their demands are met. The group had earlier held a press conference at the National Press Club, calling for price adjustments by the Bangladesh Energy Regulatory Commission and an end to administrative fines and harassment of distributors.

The simultaneous tax reduction and supply suspension create uncertainty in the LPG market, as the government’s fiscal relief coincides with a business-led shutdown that could disrupt household and industrial gas availability.

U.S. President Donald Trump announced that Venezuela will use its oil sales revenue exclusively to purchase goods produced in the United States. According to Washington sources cited by AFP, the arrangement follows the removal of Nicolás Maduro from power and is based on a new oil agreement. The profits from Venezuela’s oil exports will be directed toward buying American products.

Trump shared the information on his social media platform, Truth Social, stating that he had been informed about the new oil deal ensuring that Venezuela’s earnings would be spent solely on U.S.-made goods. He specified that the purchases would include agricultural products, machinery, medical equipment, and energy-sector machinery.

The report did not provide further details about the terms of the agreement or how it will be implemented, but it highlights a shift in Venezuela’s trade alignment following political changes in the country.

In southern Chattogram’s Banshkhali and nearby Anwara, Pekua, and Rajakhali, around 38,000 salt farmers have begun production across 69,000 acres of land. However, dense fog has disrupted salt crystallization, while many farmers express frustration over low market prices. Despite adopting modern polyethylene-based methods that can increase output by up to two and a half times, unfavorable weather and poor pricing have left producers struggling.

According to the Bangladesh Small and Cottage Industries Corporation (BSCIC), all salt fields in the region are using the polyethylene technique this year, which could lead to production exceeding targets by about 200,000 tons. Farmers report that fog and humidity cause salt to dissolve overnight, while they must still pay land rent regardless of yield. Local officials note that Banshkhali’s salt is known for its brightness and taste, with retail prices ranging from Tk 1 to Tk 15 per kilogram and wholesale prices between Tk 200 and Tk 250 per maund.

Farmers allege that due to limited government support, mill owners and financiers buy salt cheaply and sell it at higher prices. Some producers have taken loans to cover the high costs of polyethylene-based production, while local leaders urge the government to ensure fair pricing and restrict salt imports.

The United States will indefinitely oversee Venezuela’s oil sales, according to US Energy Minister Chris Wright. Speaking at the Goldman Sachs Energy Event in Miami on Wednesday, Wright said that both Venezuela’s stored oil and future production will be sold on the international market under US management. The plan aims to regulate the country’s oil exports and ensure oversight of revenues.

AFP reported from Washington that former President Donald Trump had earlier announced Venezuela’s interim government would assign the marketing of 30 to 50 million barrels of crude oil to the United States. Trump said on social media that proceeds from the sale of this sanctioned but high-quality oil would be held under US supervision. The initiative is intended to restore international oil flow, secure supply for American refineries, and maintain funds in a US-controlled account for future mutual benefit.

US Defense Minister Pete Hegseth stated that the blockade on Venezuela’s sanctioned oil remains globally enforced. After US forces seized several tankers in the Caribbean and North Atlantic, he confirmed that the US stance against illegal Venezuelan oil trade is being strictly implemented worldwide.

The LP Gas Traders Cooperative Society Limited has announced a nationwide suspension of liquefied petroleum gas (LPG) cylinder sales in Bangladesh starting Thursday, January 8, 2026. The organization issued a notice on Wednesday stating that all LPG marketing, supply, and gas extraction activities from company plants will remain halted until their demands are fulfilled.

According to the notice and a press conference held at the National Press Club on Wednesday, the traders demanded a new price adjustment for LPG cylinders by the Bangladesh Energy Regulatory Commission (BERC) and an end to administrative harassment and fines against distributors. They warned that if their demands were not met within 24 hours, they would enforce an indefinite suspension of LPG supply and sales across the country.

The traders’ decision follows their earlier ultimatum, and the suspension is set to continue until authorities address their stated concerns regarding pricing and regulatory treatment.

Bangladesh Bank has set a maximum passport endorsement fee of 300 taka for licensed money changers handling foreign currency transactions for outbound Bangladeshi travelers. The directive, issued on Wednesday, states that the fee will remain the same regardless of the amount of foreign currency purchased. This measure applies to all licensed money changers operating under the central bank’s authority.

According to the circular, under the existing ‘Guideline for Foreign Exchange Transactions (GFET)–2018,’ each transaction must be recorded in the traveler’s passport and, for air travel, on the air ticket with the authorized person’s seal and signature. Money changers are also required to clearly display the endorsement fee at their business premises, issue written receipts for all collected fees, and maintain proper records of all such transactions.

The directive aims to standardize service charges and improve transparency in foreign exchange dealings for travelers, ensuring compliance with existing regulatory guidelines.

A major shipment of 57,855 tons of yellow corn from the United States arrived in Bangladesh after an eight-year gap. The unloading began on Wednesday at the Confidence Cement Jetty in Chattogram Port. The vessel, MV Beltokyo, departed from Vancouver Port in Washington State and entered Bangladeshi waters on December 31. The U.S. Embassy in Dhaka confirmed the arrival in a press release. The corn, produced in North Dakota, South Dakota, and Minnesota, was jointly imported by Nahar Agro Group, Paragon Group, and Nourish Poultry and Hatchery Limited.

According to importers, the shipment took about 46 days to reach Bangladesh, with an import cost of USD 246 per ton and an estimated landed cost of BDT 34 per kilogram—lower than recent Brazilian imports priced between USD 251 and 260 per ton. Nahar Agro’s chairman Rakibur Rahman noted that only 30 percent of national corn demand is met locally, with imports filling the rest. The U.S. Embassy described the shipment as a milestone in agricultural and food sector cooperation between the two nations.

Officials believe that regular U.S. supply could enhance competition in the feed industry and stabilize animal protein production in Bangladesh.

Mobile phone prices in Bangladesh have increased despite a recent reduction in import tariffs. According to the report, government-registered mobile traders raised prices following the launch of the National Equipment Identity Register (NEIR). Allegations suggest that a mafia syndicate influenced the price hikes. Since January 1, prices have risen by Tk 500 to Tk 5,000 per handset depending on the model.

Consumers claim that official brands took advantage of the closure of grey market handset shops amid the NEIR controversy. Brands such as Redmi, Vivo, Infinix, Realme, OnePlus, and Samsung Galaxy have raised prices across various models. For example, the Vivo Y21D (8/128) model increased from Tk 21,000 to Tk 23,000, while the Infinix Smart 10 (4/64) rose by Tk 1,000 to Tk 12,000.

Mobile traders argue that rising memory component costs contributed to the price increases. Zakaria Shahid, president of the Mobile Phone Industry Owners Association of Bangladesh (MIOB), described the tariff reduction as deceptive, suggesting that the benefits were not passed on to consumers.

Bangladesh Bank has increased the maximum home loan limit for banks with low default rates. According to a circular issued on Tuesday, banks with classified loans below 5 percent can now lend up to Tk 4 crore for flat purchases. The previous uniform ceiling for all banks was Tk 2 crore. The revised policy takes immediate effect and replaces earlier directives, while other consumer loan guidelines remain unchanged.

The central bank stated that the revision aims to address rising housing and construction material costs and growing demand in the real estate sector. Under the new rules, banks with default loans between 5 and 10 percent may lend up to Tk 3 crore, and those with over 10 percent defaults will maintain the previous Tk 2 crore limit. The loan-to-equity ratio remains unchanged at 70:30, meaning borrowers must contribute 30 percent of the property value.

The last adjustment to the home loan ceiling occurred in 2019, when the limit was raised from Tk 1.2 crore to Tk 2 crore for all banks.

Biman Bangladesh Airlines will launch direct flights between Dhaka and Karachi starting January 29, marking the resumption of direct air connectivity between Bangladesh and Pakistan after more than ten years. According to airline officials, two weekly flights will operate on this route for an initial three-month period, continuing until March 30 of the current year. The Pakistan Civil Aviation Authority has already granted approval for the route and designated airspace usage.

Currently, travelers between Bangladesh and Pakistan rely on transit hubs in the Middle East such as Dubai or Doha. The new direct service is expected to simplify travel, strengthen people-to-people connections, and enhance bilateral trade. Officials noted that the decision followed several months of discussions with Pakistani authorities.

Aviation experts described the Dhaka-Karachi route as both commercially and strategically significant. They believe that restoring direct air links will reinforce economic relations and mutual engagement between the two countries.

The National Board of Revenue (NBR) Chairman Abdur Rahman Khan announced that submission of Value Added Tax (VAT) returns will be made mandatory online from the next fiscal year. He made the announcement at an event held at the Revenue Building in Agargaon, Dhaka, marking the launch of an online VAT refund system that transfers refunds directly to taxpayers’ bank accounts.

According to the NBR chairman, while online submission of income tax returns is already mandatory, the VAT law has not yet required it. The upcoming budget will include a provision to make online VAT return submission compulsory. During the event, the chairman inaugurated the online VAT refund process by transferring Tk 45.35 lakh to the bank accounts of three taxpayers from three VAT commissionerates in Dhaka.

The NBR has instructed taxpayers who previously filed paper-based VAT returns to enter those records into the e-VAT system by March. After that, they will also be able to register online. The new system aims to ensure transparency and faster processing of refund applications without requiring taxpayers to visit VAT offices.

The Pay Commission has finalized a new date for its previously postponed full meeting on the ninth pay scale. According to the latest decision, the meeting will take place on Thursday at the Secretariat, beginning at noon. The session is expected to finalize decisions on the number of pay grades and other related matters.

Commission sources indicate that discussions are ongoing regarding whether to retain the existing 20-grade structure or reduce it to 16. Many members support keeping the current number of grades while recommending a rational increase in salaries and allowances, while others strongly favor reducing the number of grades. The commission stated that it has thoroughly analyzed opinions received from various organizations and agencies and that the report writing process is nearly complete.

The final meeting aims to reach consensus on remaining issues before setting a submission date for the recommendations. Due to the upcoming national election, the report is likely to be submitted by February, allowing the new pay scale to be implemented before the 13th National Parliament election.

Bangladesh Bank has directed all scheduled banks in the country to construct women-friendly washrooms to ease difficulties faced by female employees and customers. The central bank issued a circular on Tuesday, sending it to the managing directors and chief executive officers of all banks. The directive emphasizes that many banks lack adequate, hygienic facilities for women, causing inconvenience for both staff and clients.

According to the circular, every bank must ensure women-friendly and sanitary washrooms at their head offices, regional offices, branches, and sub-branches. The central bank further instructed that existing washrooms requiring renovation or lacking sanitary supplies must be promptly upgraded. Regular monitoring has also been stressed to maintain a safe and hygienic environment for women employees and customers.

The move aims to improve workplace and service conditions for women in the banking sector, ensuring better hygiene and inclusivity across all banking facilities.