Bangladesh Bank has dismissed recent social media rumors claiming that customers will face extra charges when using Bangla QR for payments. The misinformation suggested that a Tk 10 fee would be deducted from every Tk 1,000 transaction, causing confusion among users. The central bank clarified that customers will not be charged any fee for making purchases through Bangla QR.

According to Bangladesh Bank spokesperson Arif Hossain Khan, the applicable charge will be borne by merchants, not customers. As per policy, a maximum charge of Tk 10 plus 15 percent VAT—totaling Tk 11.50—may apply per Tk 1,000 transaction, which sellers must pay. Experts noted that this structure is similar to how credit card transaction fees are handled by businesses.

The bank advised customers not to believe unverified information about digital payments. It also urged users to report any merchant demanding extra charges to their respective banks, mobile financial service providers, or the Directorate of National Consumer Rights Protection.

Former officials of HSBC Bangladesh have accused the bank of violating labor laws, misleading regulators, and denying fair compensation following the closure of its retail banking operations. The allegations were made at a press conference held at the Economic Reporters Forum auditorium in Dhaka’s Paltan area on Saturday morning. The affected employees demanded that relevant government agencies investigate the matter and take necessary action.

According to a written statement presented by representative Alamgir Kabir, 257 officials lost their jobs on March 31 as part of the retail banking shutdown, but the bank allegedly failed to follow legal retrenchment procedures. The employees claimed that while HSBC informed Bangladesh Bank that they were retrenched, they were actually given termination letters, depriving them of lawful severance benefits. Additional complaints included improper implementation of central bank directives, provident fund deductions, loan adjustment issues, discrimination in reemployment, increased home loan interest rates, and withheld release letters.

The affected officials urged authorities including Bangladesh Bank and the Ministry of Labour to ensure legal accountability, fair severance payments, and refund of deducted funds with interest and penalties.

The opening of the Padma Bridge has revolutionized transportation in Bangladesh’s southwest, connecting 21 districts with Dhaka through faster and more efficient travel. The Padma Bridge Expressway has become a vital national route, carrying thousands of vehicles daily and facilitating the quick transport of agricultural and fishery products. However, despite these improvements, the anticipated industrial and commercial development around Shibchar in Madaripur district, located at the bridge’s southern end, has not yet materialized.

Local residents and business owners report that while travel has become easier, large-scale industries and manufacturing plants have not been established. Small businesses continue to operate on a limited scale, and job creation remains stagnant. Community leaders and analysts stress that sustainable development requires long-term planning, industrial zones, and investment-friendly policies. They urge both government and private investors to develop industrial parks, special economic zones, and accessible financing for entrepreneurs.

Officials note that the Padma Bridge should serve not only as a symbol of connectivity but also as a foundation for industrialization and improved livelihoods in the southern region.

The government of Bangladesh approved the Padma Barrage Project at an ECNEC meeting on May 13, 2026. The project, to be implemented by the Bangladesh Water Development Board under the Ministry of Water Resources, will begin in July 2026 and is targeted for completion by June 2033. The barrage will be built at Pangsha in Rajbari district, spanning 2.1 kilometers with 78 spillway gates and 18 under-sluice gates. Covering 26 districts across four divisions, it is expected to directly benefit about 70 million people and indirectly the entire country.

The project aims to mitigate the long-standing water scarcity caused by India’s Farakka Barrage, which restricts dry-season water flow into Bangladesh. By storing 2.9 billion cubic meters of water, the Padma Barrage will revive several rivers, expand irrigation to 2.9 million hectares, and increase annual rice and fish production. It will also include a 113-megawatt hydropower plant and improve navigation, agriculture, and environmental conditions.

The estimated total cost is Tk 504.43 billion, with Tk 344.97 billion allocated for the first phase, fully funded by the government.

Nesarabad upazila in Pirojpur has become a growing hub for shipbuilding, with 21 dockyards established along the banks of the Sandhya River and its tributaries. These facilities produce world-class vessels including cargo ships, oil carriers, and steel-bodied launches. Around 25,000 workers are directly or indirectly employed in this sector, contributing to both local livelihoods and national industrial growth.

Shipbuilders and local stakeholders say that with government support, training, and access to affordable loans, the industry could expand significantly. Skilled craftsmen are already producing ships that meet domestic and international standards, and some vessels built here are operating on international routes. The area’s low production costs and efficient construction processes attract business owners from across the country.

Officials note that some dockyards lack complete documentation required for government assistance, but efforts are underway to address this. Observers believe that with proper policy support and modern training, Nesarabad’s shipbuilding industry could become a major source of foreign exchange and national revenue.

In Jamalpur town, a small mobile clothing shop run by 21-year-old Akijul Islam Saurav has drawn attention for its colorful display of T-shirts, shirts, and jerseys. Saurav, a second-year HSC student at Government Ashek Mahmud College, manages the business alongside his studies. With an initial investment of 70,000 taka from his father, he built a mobile sales cart and stocked it with clothes. Each day, after classes, he travels around the city selling garments and stores his cart at a relative’s home at night.

Saurav, from Sharifpur Union’s Byapari Para village, was inspired by his businessman father and motivated by the struggles of educated youths seeking jobs. He aims to become an entrepreneur who can create employment for others. His mobile shop allows him to reach customers directly in busy areas, and the earnings cover his educational expenses while enabling him to save money.

Development worker Jahangir Selim noted that such self-employment initiatives could positively influence the local economy and inspire other young people to pursue entrepreneurship.

The Rangpur District Postal Employees Union has warned of an indefinite strike to press for two key demands. The announcement came during a meeting held on Friday afternoon at the Rangpur District Collectorate ground, attended by members of the Bangladesh Postal Employees Union, Bangladesh Branch Post Office Employees Association, and Bangladesh Branch Post Office Employees Unity Council. Earlier, the workers had observed a hunger strike in front of the Directorate of Posts and later announced a three-day work stoppage. They stated that if their demands remain unmet, a full strike would be held on the 6th and 7th of the month.

The extra-departmental (ED) employees said they have long been working for a daily wage of only 150 taka. They are demanding a threefold increase in pay and official recognition as departmental employees. Speakers at the meeting, including union leaders and representatives from various upazilas, emphasized that the movement would continue until the demands of about 23,000 workers nationwide are fulfilled.

Union leaders urged the government to consider their demands, stressing that postal workers deliver letters to people’s doorsteps but do not receive fair compensation for their service.

Consumers across Bangladesh are facing severe electricity shortages despite a record price hike announced on June 4, 2026. Residents in areas such as Dhamrai, Nasirnagar, and Faridpur report power cuts lasting 8 to 18 hours daily, disrupting households, hospitals, and industries. Farmers say crops like onions and potatoes are rotting due to lack of power for storage, while students struggle to prepare for exams amid heat and darkness. Many consumers complain of receiving electricity bills double the previous amounts despite worsening supply.

Officials from the Power Division admit that 66 percent of the country’s power plants remain idle due to fuel shortages, leaving only 13,000–14,000 megawatts available against higher demand. Experts and government sources blame mismanagement, corruption, and past policy failures for the crisis. The current administration acknowledges inherited debts and fuel dependency from the previous government and says it will take time to stabilize the sector.

Energy Minister Iqbal Hasan Mahmud stated that new gas exploration tenders have been issued to reduce import dependence, but full recovery may take three to four years.

Banks in Bangladesh are increasingly relying on loan rescheduling to reduce non-performing loans, but the strategy has not lowered defaults. According to the Bangladesh Bank’s Financial Stability Report 2025, total rescheduled loans stood at Tk 4.46 trillion, with the largest share in industrial term loans. About 39.87 percent of these rescheduled loans have again turned non-performing, highlighting persistent repayment challenges.

The report shows that industrial term loans accounted for 29.56 percent of all rescheduled loans, followed by the ready-made garments and textile sector at 17.56 percent. Private banks held 74.16 percent of the total rescheduled loans, while state-owned banks accounted for 23.27 percent. Experts cited weak loan assessment, political influence, and reduced down payment requirements as key reasons behind repeated defaults. They also noted that energy shortages and high dollar prices have strained manufacturing borrowers.

Economists and bankers emphasized that while rescheduling offers temporary relief, sustainable recovery depends on stronger loan monitoring, business revival, and export growth. They urged that rescheduling benefits be limited to genuinely distressed enterprises to prevent misuse.

Iran continues to face major obstacles in recovering billions of dollars in assets frozen across multiple countries, a long-standing issue in its strained relations with the West. The matter remains central even in the recent memorandum signed between the United States and Iran aimed at ending hostilities. Tehran has sought access to these funds for years, but sanctions and banking restrictions have kept much of the money beyond its reach.

Estimates suggest Iran’s frozen assets range from about 27 billion to over 100 billion US dollars, including oil revenues, export earnings, and foreign reserves held in overseas banks. Large sums are blocked in China, Iraq, India, South Korea, and other countries, while only a smaller portion lies under US jurisdiction. Experts note that even partial access could significantly ease Iran’s inflation, currency depreciation, and economic isolation, but warn that legal and political complexities will delay any real transfer.

The assets remain dispersed and entangled in decades-old disputes, with Washington’s approval seen as crucial for any release, leaving Tehran’s economic relief uncertain.

The Bangladesh government borrowed about Tk 330 billion more than its target from the banking system during the 2025–26 fiscal year to cover a widening budget deficit. According to updated data from Bangladesh Bank, the government’s net bank borrowing reached over Tk 1.37 trillion by June 23, exceeding the original budget target of Tk 1.04 trillion. The revised budget had raised the borrowing goal to Tk 1.18 trillion.

Officials attributed the higher borrowing to a significant shortfall in revenue collection, slower-than-expected foreign loan inflows, and increased public expenditure. The National Board of Revenue reportedly fell short of its revenue target by about Tk 880 billion. Bangladesh Bank data showed that net government borrowing from banks rose by Tk 297.46 billion, or 27.71 percent, compared with the same period a year earlier.

At the end of the fiscal year, total government debt from the banking sector stood at Tk 6.88 trillion, up from Tk 5.51 trillion a year earlier. For the new 2026–27 fiscal year, the government has set a bank borrowing target of Tk 1.12 trillion.

Bangladesh’s Power Division has directed all electricity distribution companies to promptly resolve customer complaints regarding excessive electricity bills for June. The directive was issued during a review meeting held on July 2, chaired by Power Division Secretary Mirana Mahroukh via Zoom, with senior ministry officials, divisional commissioners, deputy commissioners, and distribution company representatives in attendance. Customers have been urged to contact their respective distribution companies or designated hotlines to report billing issues.

The meeting followed widespread reports in media and social networks that many consumers across the country received inflated bills. While deputy commissioners said they had not received significant complaints, the Power Division emphasized immediate correction of any clerical or technical errors. It also warned that any proven misconduct by officials or employees would result in strict legal action.

The meeting also reviewed load-shedding conditions and progress of rooftop solar power programs at the district level. Distribution companies were instructed to enhance customer service and ensure quick resolution of verified complaints.

Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan announced that the initial public offering (IPO) process will be simplified to attract more companies to the capital market. Speaking at a Dhaka Brokers Association event on July 2, 2026, he said BSEC will meet with the Dhaka Stock Exchange, ICMAB, and merchant banks within two weeks to discuss reforms. Khan noted that IPO approvals currently lack transparency and tracking, discouraging firms from seeking market funding.

He emphasized reducing regulatory bottlenecks and empowering stock exchanges to perform their responsibilities independently. The chairman also announced plans to replace full quarterly financial reports with condensed versions following international standards, and to transition BSEC operations from paper-based to fully digital systems using XBRL and XML-based reporting. He urged lower listing fees and stronger digital trading mechanisms to prevent signature misuse.

Khan further highlighted the need for investor education, simplification of capital gains tax procedures, and effective enforcement through specialized tribunals. Market participants at the event supported deregulation and faster IPO approvals to revive market activity.

Barrister Asaduzzaman Fuad, General Secretary of the Amar Bangladesh Party (AB Party), has warned that the conflicting stance between the government’s expansionary national budget and Bangladesh Bank’s contractionary monetary policy could push the economy into a deeper crisis. He made the remarks in a statement issued on Thursday in response to the central bank’s newly announced monetary policy.

Fuad said the simultaneous adoption of a debt-dependent budget and a strict monetary policy aimed at controlling inflation reflects serious policy incoherence within the government. He argued that this contradiction would harm ordinary citizens, entrepreneurs, and investors. According to him, the government has failed to address fundamental issues such as reducing production costs, breaking market syndicates, curbing corruption, and strengthening supply chains, which are essential to controlling inflation.

He further stated that inflation in Bangladesh is primarily driven by rising costs and supply shortages, which cannot be solved merely by raising interest rates. Fuad urged the government to acknowledge the real economic situation, ensure easier financing for genuine entrepreneurs, and adopt a coordinated, long-term economic plan to stabilize inflation, boost investment, and reduce living costs.

Bangladeshi-made cosmetics are now being used in Thailand’s beauty market, marking a shift from the past dominance of Thai products in Bangladesh. Improved production capacity and quality have enabled Bangladeshi brands to enter Thailand’s retail and e-commerce platforms such as Lazada Thailand and local pharmacies. Distributors report growing Thai consumer interest in natural, high-quality, and competitively priced skincare and cosmetic products from Bangladesh.

Industry sources note that Bangladesh’s cosmetics sector has transformed over the past decade through modern production technologies, international-grade raw materials, research and development, and advanced packaging. Companies like Remark HB Limited, which exports brands such as Neor, Ciodil, and Lily, are now reaching multiple international markets including Thailand, the United States, India, and the UAE. Sector leaders view this as recognition of Bangladesh’s global manufacturing capability.

Experts believe that continued adherence to international standards could expand exports further. However, they warn that domestic policy disparities in VAT and taxation are slowing the industry’s growth, urging government reforms to ensure sustainable development.