Residents of Fatullah in Narayanganj have temporarily stopped construction work on the Mukterpur-Panchabati flyover, alleging the use of substandard materials. The suspension began on Friday morning at the Kashipur section, where locals accused the contractor of using ordinary concrete instead of RCC and low-quality bricks. They demanded that authorities inspect the site before work resumes, citing concerns of irregularities and corruption in the mega project.

According to residents, poor-quality materials were being used in several parts of the flyover from the Samrat Cinema area to the Kashipur Union Parishad. They claimed that despite informing officials, no one had visited the site. Project Director Wahiduzzaman confirmed that evidence of substandard materials had been found and that the contractor had been asked for an explanation.

The Mukterpur-Panchabati six-lane highway project spans about 10.37 kilometers, including 9.6 kilometers of elevated expressway. Initially budgeted at Tk 2,659 crore, the cost was later raised to about Tk 3,300 crore, with completion extended to June 2026. Two Chinese firms are implementing the project.

Iran has shut down the strategic Hormuz Strait following joint attacks by the United States and Israel, disrupting a key global maritime route for energy transport. The closure has already slowed international sea trade and raised concerns of an impending energy crisis in Bangladesh, which relies heavily on Middle Eastern countries for crude oil, refined fuel, LPG, and LNG imports. Officials warn that prolonged conflict in the region could severely impact Bangladesh’s energy supply chain and increase import costs.

According to shipping and energy officials, around 15 vessels carrying fuel and gas for Bangladesh pass through the Hormuz Strait each month. Although Bangladesh’s refined fuel imports do not directly use the route, the countries supplying them depend on crude oil shipments through it. The closure is expected to raise freight costs and delay shipments, affecting both energy and trade sectors. Industry leaders have urged energy conservation and increased reserves to mitigate potential shortages.

Experts caution that if the Middle East conflict continues, Bangladesh’s limited 25–26-day fuel storage capacity could lead to severe disruptions. They recommend expanding reserves and promoting public austerity to withstand the crisis.

State Minister for Industries, Commerce, and Jute and Textiles Md. Shariful Alam said the government is prepared to handle any potential impact from the ongoing war situation in the Middle East. Speaking to journalists after visiting Boro Bazar in Kishoreganj on Sunday afternoon, he noted that while the global energy-dependent market may face some effects, the government remains alert. He added that although prices of some goods rose at the start of Ramadan, the market situation is now stable.

The minister said market monitoring has been strengthened nationwide to ensure price stability and protect consumers’ purchasing power. He emphasized that measures are being taken to prevent unjustified price hikes. Teams from the Directorate of National Consumer Rights Protection and the Trading Corporation of Bangladesh (TCB) are conducting regular monitoring and enforcement drives.

During his visit, the minister interacted with traders and buyers, reviewed the overall market situation, and later inspected TCB’s mobile truck sales operations. He also attended meetings with local officials and journalists and joined an iftar with orphans at a local madrasa.

Global oil prices jumped sharply following US and Israeli attacks in Iran, which have pushed the Middle East into renewed conflict. According to Reuters, Brent crude rose nearly 10 percent in over-the-counter trading on Sunday, reaching around 80 dollars per barrel. Analysts warned that if the current instability continues, crude prices could hit 100 dollars per barrel by Monday.

Ajay Parmar, director of energy and refining at ICIS, told Reuters that any military strike tends to drive oil prices higher, but the key concern now is the potential closure of the Strait of Hormuz. The strait handles about 15 to 20 percent of the world’s total oil, condensate, and petroleum products, and over 30 percent of liquefied natural gas shipments.

Parmar added that if the Strait of Hormuz faces prolonged disruption, oil prices could rise beyond 100 dollars per barrel. The majority of oil transported through the strait goes to Asia, with the rest to Europe, including about 24 percent of China’s total LNG imports.

ICT, Posts, Telecommunications, Science and Technology Minister Fakir Mahbub Anam Swapon announced that the government will create employment opportunities for one million young people in the ICT sector. He made the statement on Saturday morning while inaugurating a road construction project in Madhupur, Tangail. The minister said the government, under the leadership of Tarique Rahman, has been working from the first day to deliver development and services to people's doorsteps.

Swapon added that he aims to make Madhupur-Dhanbari a peaceful and safe area, free from extortion, terrorism, and illegal occupation, as part of his election pledges. He inaugurated the construction of a 700-meter road from Sathi Mor in Madhupur to ease long-standing public suffering in the town center. He emphasized a zero-tolerance policy toward crime and expressed his desire to earn public trust through welfare-oriented development.

Local administrative officials, political leaders, and freedom fighters were present at the event, reflecting cooperation between government and community representatives in implementing local development initiatives.

Advance ticket sales for long-distance buses ahead of Eid-ul-Fitr will begin on March 3. Passengers will be able to purchase tickets for travel between March 12 and the day before Eid. The decision was announced at a meeting of the Bangladesh Bus-Truck Owners Association held in Gabtoli, Dhaka, and confirmed by the association’s secretary, Shubhankar Ghosh Rakesh.

Rakesh stated that tickets will be available both at physical counters and online from the morning of March 3. Passengers can select their preferred bus and seat through the designated website. He emphasized that fares must comply with the rates set by the Bangladesh Road Transport Authority (BRTA), and the same rates will apply online. Every ticket counter will be required to display the BRTA-approved fare chart.

To prevent black-market ticket sales, CCTV cameras have been installed at various counters. Rakesh added that any irregularities detected will lead to legal and administrative action by both authorities and the owners’ association.

The Centre for Policy Dialogue (CPD) has criticized the government for taking what it called a weak step in appointing the new governor of Bangladesh Bank. At a media briefing held on Saturday at the CPD office in Dhanmondi, Research Director Khondaker Golam Moazzem said the appointment process lacked transparency and that the state had the opportunity to select a more acceptable candidate. He emphasized that a stronger and more credible procedure should have been followed for such an important position.

Moazzem noted that discussions and criticisms have emerged regarding the current governor’s links to loan defaults and special privileges, suggesting that alternative candidates could have been considered to avoid controversy. He also highlighted the need for a clear qualification framework and a formal vetting process for future appointments. CPD praised former governor Ahsan H. Mansur for his reform efforts despite challenges and suggested that retaining experienced leadership could have been beneficial.

The organization further recommended establishing a legal basis and specific criteria for future appointments, similar to India’s Reserve Bank selection process, and warned against loosening financial market regulations amid existing sectoral weaknesses.

State Minister for Women and Children Affairs and Social Welfare Farzana Sharmin Putul announced that the Family Card initiative aims to make families economically self-reliant. Speaking at Natore Circuit House on Saturday, February 28, 2026, she said the card will be issued in the name of the senior female member of each family, such as a mother or sister. The project is designed to be universal, with no specific target group, and will gradually include all families.

Sharmin explained that previous welfare cards, including widow, elderly, agricultural, and maternity allowances, faced corruption during distribution. To address this, the government plans to move toward an integrated system that consolidates all benefits into a single card. The Family Card will provide 2,500 taka per family, a higher amount than existing cards.

Initially, the program will prioritize extremely poor, poor, and lower-income families based on a proximity test and scoring system, with eventual expansion to middle- and upper-income groups.

The United Nations Committee for Development Policy (CDP) has formally accepted Bangladesh’s request to delay its graduation from the Least Developed Country (LDC) category by three years and has begun reviewing the proposal. The matter was discussed during the CDP’s five-day meeting in New York, and officials indicated that a final decision could take several weeks. Dr. Debapriya Bhattacharya, head of the Enhanced Monitoring Mechanism subcommittee, confirmed receipt of the government’s letter but clarified that acceptance of the request does not mean approval, as the committee will first assess the justifications provided.

The Economic Relations Division sent the formal application on February 18, citing global and domestic disruptions that hindered preparation for graduation. The letter referenced the lingering effects of the COVID-19 pandemic, the Russia-Ukraine conflict, Middle East instability, global financial tightening, and slow trade recovery. Domestically, it mentioned financial irregularities, political changes in July 2024, and pressure from hosting displaced Myanmar nationals, all contributing to economic instability.

According to CDP sources, a preliminary assessment report may be ready within two weeks, with a final recommendation expected by September following approval from the UN General Assembly.

Farmers in Nakla upazila of Sherpur have become distressed due to an artificial shortage of DAP fertilizer and sales at prices higher than the government-fixed rate. Despite normal supply, several BADC and BCIC-approved dealers allegedly bypassed buffer warehouses and unloaded fertilizers directly into their own storage facilities. Reports suggest that some warehouse officials colluded with dealers to reduce transport costs and share profits from the irregularities.

Local sources said that Nakla has 10 BCIC-approved and 70 BADC-approved fertilizer dealers. On Sunday morning, locals and journalists intercepted two dealers storing fertilizers illegally, leading to the seizure of about 49 tons of urea by agricultural officials and police. Farmers complained that DAP fertilizer, officially priced at Tk 1,050, was being sold for Tk 1,400, while other fertilizers were also overpriced. Dealers were accused of creating an artificial shortage to raise prices.

Sherpur’s deputy director of the Department of Agricultural Extension stated there was no real shortage of DAP fertilizer and that delays in imported fertilizer transport might cause temporary issues. He added that allegations of overpricing were under investigation and action would be taken if proven.

The East India Company, once the foundation of British colonial rule in India, has permanently closed after declaring bankruptcy. The company, which had been revived in London as a luxury goods brand, failed to overcome financial difficulties and ceased operations. Reports indicate that in October 2025, a liquidator was appointed, and the company owed more than £600,000 to its parent entity registered in the British Virgin Islands, along with significant tax and employee liabilities. Its Mayfair store and website have since been closed.

The company, originally founded in 1600 under a royal charter from Queen Elizabeth I, had dominated trade across India and Asia before being dissolved by the British Parliament in 1874. Indian entrepreneur Sanjiv Mehta had purchased the rights to the company’s name in 2010, relaunching it as a retailer of premium tea, chocolate, and spices. The revival had drawn global attention as a symbolic reversal of colonial history.

The closure marks the end of a modern chapter for a name long associated with both global trade innovation and colonial exploitation.

State Minister for Civil Aviation and Tourism M. Rashiduzzaman Millat announced that the government is committed to ensuring halal animal protein such as meat, milk, and eggs reach people at affordable prices. He made the statement on Friday, February 27, 2026, while inaugurating a distribution program at Dewanganj Kamil Madrasa field in Jamalpur, aimed at supporting low-income families during the holy month of Ramadan.

The minister explained that demand for animal products rises during Ramadan, increasing financial pressure on poor households. To address this, the government has launched the initiative to make these essential items available at fair prices. Temporary sales centers have been set up across the upazila to distribute the products daily within fixed hours.

According to the announcement, the program will continue until the 27th of Ramadan, ensuring that a large number of people can access affordable meat, milk, and eggs throughout the period.

Finance and Planning Minister Amir Khosru Mahmud Chowdhury stated that Bangladesh must increase taxes and boost investment to manage the country’s difficult economic situation. Speaking on Friday afternoon while inspecting land for a government hospital near the Marine Drive area of Patenga in Chattogram, he emphasized that without investment, employment opportunities cannot be created. He said the BNP government’s major program focuses on generating employment and that both domestic and foreign investments are being encouraged.

The minister added that the government is also working to improve education quality and bring major reforms to the health sector, fulfilling promises made before the election. He mentioned that the upcoming budget will prioritize employment creation. Plans include establishing a general hospital with specialized units, a nursing institute, and a technologist institute in the Marine Drive area to address shortages in these sectors.

He further noted that several potential sites are under consideration for the hospital project, and the government will select the most suitable one after evaluating all factors.

Fresh allegations of corruption and nepotism have emerged in the Jet A-1 underground pipeline project in Narayanganj. The project, designed to supply aviation fuel to Hazrat Shahjalal International Airport, has been linked to companies allegedly influenced by Tariq Ahmed Siddiq, a former security adviser to Sheikh Hasina, who was sentenced to death for genocide. The Bangladesh Petroleum Corporation (BPC) initiated the project in 2017 through a contract with the Navy Welfare Foundation Trading Company Limited (NKFTCL), but repeated delays, cost disputes, and contractor changes have plagued its progress.

Initially valued at Tk 183.77 crore, the project faced multiple route changes and cost escalation requests from subcontractors China Machinery Engineering Construction Corporation and Baraka Engineering Limited. After disagreements over revised pricing, NKFTCL attempted to hand over the project to Buildstone Construction Company Limited, allegedly linked to Siddiq, at a higher estimated cost. Following the July revolution, the interim government reassigned the project to Engineering Construction Battalion 24 with a reduced budget of Tk 420 crore.

Energy experts have warned that political interference could jeopardize fuel security. BPC officials expressed concern that ongoing corruption investigations against Siddiq may further delay the project’s completion.

Transparency International Bangladesh (TIB) has expressed concern over whether the newly appointed governor of Bangladesh Bank can perform his duties independently and free from conflicts of interest. In a statement issued on Thursday, TIB Executive Director Dr. Iftekharuzzaman questioned the impartiality of a governor who is a businessman involved in the ready-made garment and housing sectors, and who previously rescheduled loans for his own enterprises. TIB noted that the appointment was made hastily and raised doubts about the governor’s ability to act independently of business lobbies and loan defaulters.

The statement further highlighted that a large portion of parliament members and cabinet ministers are businesspersons, many of whom are loan defaulters. TIB warned that appointing a businessperson with a history of loan rescheduling to lead the central bank could send a negative signal nationally and internationally. The organization also argued that the appointment contradicts the ruling party’s electoral pledge to ensure good governance and transparency in the banking sector.

TIB cautioned that the decision could undermine efforts to restore stability, curb inflation, and strengthen financial discipline, especially at a time when the economy faces significant challenges.