The Ministry of Finance of Bangladesh has announced that starting July 1, all government revenues and receipts must be deposited into the Treasury Single Account (TSA) through the e-challan system. A circular issued by the Finance Division on Tuesday also instructed that all funds currently held in government accounts at commercial banks be transferred to the Bangladesh Bank’s TSA by June 30.

According to the circular, any alternative payment methods maintained by government offices must be discontinued immediately. The decision aims to strengthen government cash management and ensure real-time deposits of public funds. The ministry noted that manual deposits through commercial banks had made it difficult to determine the government’s actual cash position.

The circular further explained that funds held in government accounts at commercial banks could not be used promptly when needed, prompting the move to centralize all deposits under the Treasury Single Account system.

U.S. President Donald Trump has announced the suspension of a planned military strike on Iran amid ongoing tensions in the Middle East. He stated that the decision was made to allow room for diplomatic discussions to resolve the crisis. Following the announcement, international crude oil prices dropped by more than one percent.

According to market analysts, the price of Brent crude fell to around 110 dollars per barrel, while U.S. WTI crude declined to about 103 dollars per barrel. Investors and energy traders are now closely monitoring diplomatic efforts between Washington and Tehran, as concerns persist over the long-term stability of the Strait of Hormuz.

The Strait of Hormuz remains one of the world’s most critical maritime routes, previously handling about one-fifth of global oil and liquefied natural gas shipments. Any instability in this region could have a significant impact on global energy markets.

Bangladesh Bank Governor Mostakur Rahman has warned that no one will be allowed to manipulate the dollar exchange rate. He stated that punitive measures will be taken against anyone buying or selling dollars above the official rate. The directive was issued during a meeting with treasury officials from all commercial banks held on Tuesday morning at the central bank’s Jahangir Alam Conference Room in Dhaka.

The meeting, organized by the Foreign Exchange Policy Department, discussed the current and future state of the foreign currency market. According to participants, the governor emphasized that all dollar transactions must remain transparent and within regulatory limits. He also ordered banks to stop selling dollars in the forward market and cautioned against any actions that could destabilize the market.

Treasury officials later suggested that a clear list defining what constitutes manipulation would help ensure compliance. The meeting ended without a final decision. Bangladesh Bank had introduced a market-based exchange rate in May of the previous year as part of an IMF loan condition, with the interbank rate now at 122.75 taka per US dollar.

Over the past 12 months, the Indian rupee has experienced an unprecedented depreciation of about 11.86 percent against the Pakistani rupee. The exchange rate dropped from 3.2913 Pakistani rupees per Indian rupee in May 2025 to 2.9010 by May 2026. This decline began after the 2015 'Operation Sindur' ceasefire mediated by then U.S. President Donald Trump and has continued despite the end of military tensions.

The report suggests that the rupee’s weakness reflects deeper structural issues in India’s economy under Prime Minister Narendra Modi’s government, rather than solely global factors such as the strong U.S. dollar or Middle East conflicts. The Indian rupee also lost nearly 10 percent against the Bangladeshi taka during the same period. Analysts and international observers, including a Financial Times report, have linked the rupee’s fall to declining confidence in Modi’s administration.

A Japanese bank, MUFG, noted that the rupee’s depreciation is likely to persist through the year regardless of developments in West Asia, indicating that India’s internal economic vulnerabilities remain a key concern.

Bangladesh’s Commerce Minister Khandaker Abdul Muktadir met with European Union Ambassador Michael Miller on Tuesday at the minister’s office in the Secretariat. The meeting focused on bilateral trade relations, investment opportunities, and the removal of existing non-tariff barriers between Bangladesh and the European Union. Both sides emphasized the importance of making the trade environment more transparent, business-friendly, and efficient.

The commerce minister described the EU as one of Bangladesh’s key trading partners and reaffirmed the government’s commitment to expanding trade ties. He highlighted ongoing policy and institutional reforms aimed at boosting exports, attracting investment, and simplifying trade procedures. The minister also mentioned that the draft import policy order had been published online for public feedback.

Ambassador Miller expressed the EU’s interest in strengthening trade cooperation with Bangladesh and praised the government’s initiatives to improve the business climate. He noted that while some complex issues may take time to resolve, the EU and its business community are ready to share expertise and collaborate toward sustainable solutions.

Bangladesh Bank has introduced new guidelines for adding money from bank cards to personal mobile financial service (MFS) accounts. According to a circular issued on Tuesday, users must now complete a token transaction of up to 500 taka when linking a card to an MFS account for the first time. Regular transactions using that card can begin 24 hours after the token transaction is successfully completed.

The central bank stated that this is a temporary measure. Starting August 1, the token transaction will no longer be required if the MFS account is verified to be registered under the same name as the cardholder. In that case, users can directly link their cards for add-money transactions.

Additionally, all add-money transactions from cards to MFS accounts must be categorized as fund transfers rather than merchant payments. Card issuers must also ensure that the beneficiary wallet number is visible during transactions. If these requirements are not implemented by July 31, the add-money feature via cards will be suspended from August 1.

Singapore has expressed its intention to expand trade and investment in Bangladesh. The announcement came during a courtesy meeting between Singapore’s non-resident High Commissioner Derek Loh and Bangladesh’s Commerce Minister Khandaker Abdul Muktadir at the Secretariat on Tuesday. Discussions covered reducing the bilateral trade deficit, increasing Singaporean investment, cooperation in renewable energy, agricultural exports, food security, and environmentally friendly industries.

Minister Muktadir said Bangladesh is eager to strengthen trade and investment relations with Singapore, highlighting the country’s investment-friendly environment, improved infrastructure, skilled workforce, and export-oriented industries. He noted that there are significant opportunities for cooperation in agriculture, food processing, renewable energy, logistics, port infrastructure, and green industries.

High Commissioner Loh emphasized Singapore’s interest in major projects such as the Bay Terminal, describing it as a key initiative involving an investment of around USD 800 million to 1 billion. He said the project would enhance port efficiency, reduce demurrage costs, and create new opportunities for exporters, while also helping to attract further foreign investment.

The Burimari land port in Patgram upazila of Lalmonirhat will remain closed for all import and export activities for eight days due to the Eid-ul-Azha holidays and weekly closures. The suspension will be in effect from May 25 to June 1, halting trade between Bangladesh, India, and Bhutan. However, immigration services for passport-holding travelers will continue as usual through the Burimari check post, according to port officials.

The Burimari C&F Agents Association issued a notice on Monday confirming the closure. Mustafa Salauddin Opel, president of the Burimari Importers and Exporters Association, stated that trade operations will resume on June 2. Saifur Rahman, the immigration police officer-in-charge, reiterated that passenger movement will not be affected. Assistant Commissioner of Customs Motlubur Rahman added that the National Board of Revenue has directed all customs houses and land customs stations to remain partially open, except on Eid day, to ensure continuity of national trade.

Limited internal administrative work will continue at the Burimari customs station during the closure period, following the NBR directive.

Stone extraction at the Madhyapara hard rock mine in Parbatipur, Dinajpur, has been suspended since Tuesday morning because of a shortage of explosives. The mine’s General Manager (Administration and Services), Syed Rafizul Islam, confirmed that the imported ammonium nitrate stock has run out, forcing a temporary halt in production. He said the explosives are expected to arrive within 15 days, and maintenance work will continue in the meantime.

Officials from the contracting company Germania Trust Consortium (GTC), responsible for extraction and maintenance, stated that while extraction is paused, maintenance operations remain active. The mine, operated by Madhyapara Granite Mining Company Limited (MGMCL), began commercial production in May 2007 and employs about 700 underground workers across three shifts. MGMCL renewed a six-year contract with GTC in September 2021, under which the company extracts an average of 5,500 metric tons of rock daily.

The mine has faced similar shutdowns in previous years due to explosive shortages, including in 2014, 2015, 2018, 2022, and 2025, highlighting recurring supply challenges.

Small and marginal traders across Bangladesh have erupted in anger after the government sharply increased market periphery lease fees from 260 taka to 6,000 taka, a 23-fold jump. The new rates were set under the “Hat o Bazar Sthapan o Byabosthapona Bidhimala-2025,” issued by the Ministry of Land on October 6, 2025. Traders described the move as a threat to their survival and warned of nationwide protests if the decision is not withdrawn.

According to the report, traders have submitted multiple written appeals to the land minister but claim no effective action has been taken. Many argue that the sudden and steep increase is unjustified, noting that previous adjustments between 1990 and 2023 ranged only from 5 to 20 percent. Local officials in Uzirpur said they are bound to implement the central policy and cannot alter it.

Trader associations are preparing for larger demonstrations, including rallies and human chains, demanding a revision of the new fee structure. Experts warn that such a drastic rise could severely disrupt rural markets and damage the grassroots economy.

Textiles and Jute Minister Khandaker Abdul Muktadir announced that the government aims to transform Bangladesh’s jute sector from its current export earnings of about $1 billion into a $5–7 billion industry. He made the statement on Tuesday at the inauguration of the Jute Diversification Promotion Center’s Multifarious Jute Products Fair 2026 in Dhaka. The event was chaired by the ministry’s secretary, Abdun Naser Khan, with State Minister for Textiles and Jute Md. Shariful Alam attending as a special guest.

The minister highlighted that in 1972–73, jute and jute goods accounted for nearly 90 percent of Bangladesh’s export income, but the sector’s share has since declined. To revive its potential, the government has adopted time-bound plans focusing on quality seed production, technological advancement, and product diversification. He emphasized achieving self-sufficiency in jute seed production, reducing import dependence, and promoting high-value product design and innovation.

Muktadir added that collaboration with leading Chinese universities is planned to enhance productivity, seed development, and market-oriented design. A coordinated roadmap involving the Jute Diversification Promotion Center and private partners is being prepared, while state-owned jute mills are set to be operated under private management for modernization and profitability.

Stone imports from India through the Sonamasjid land port in Shibganj, Chapainawabganj resumed on Tuesday after a 17-day suspension. More than 150 Indian trucks carrying stones entered the port between morning and afternoon, confirmed Mainul Islam, port manager of Panama Sonamasjid Port Link Limited. The import halt had begun on May 2 and continued until May 18 due to protests over increased LC values.

An online meeting between importers and exporters from both countries was held on Tuesday morning, where both sides agreed to set the customs valuation of stone at 14 dollars per ton. Previously, stones were imported at a maximum LC value of 13 dollars per ton, but Indian authorities had raised it to 15 dollars, prompting traders to stop imports in protest.

With the resumption of stone imports, port workers have expressed relief as trade activities return to normal levels at the Sonamasjid land port.

Workers in Khulna blocked a major highway on Tuesday morning demanding withdrawal of conditions imposed on raw jute exports and payment of overdue wages. The protest took place at Daulatpur Railgate intersection, where demonstrators set tires on fire and erected barricades, halting traffic. Organized under the banner of the Daulatpur Jute Press and Baling Workers’ Union, the protesters marched to the Bangladesh Jute Association (BJA) building and staged a sit-in. Some participants threw bricks and vandalized property before police and union leaders restored order.

Union leaders said the export restrictions, introduced on 8 September 2025, had plunged the jute sector into crisis, leaving many workers jobless for nine months. The BJA had earlier announced the protest at a press conference, arguing that the Ministry of Commerce’s decision to list raw jute as a conditional export item effectively halted exports. According to BJA Chairman Khandaker Alamgir Kabir, the policy caused severe financial losses to exporters and unemployment for thousands of workers.

The BJA claimed that despite sufficient domestic supply, Bangladesh could export 800,000–1,000,000 bales of raw jute annually, earning up to Tk 20 billion, but exports dropped sharply under the new restrictions.

Premier Bank has failed to repay a Tk 5,000 crore special loan taken from Bangladesh Bank due to ongoing liquidity problems. The central bank had provided the loan for three months, but after the repayment deadline passed on May 2, 2026, the term was extended by another three months. The loan, issued on February 2, included Tk 1,000 crore in cash and Tk 4,000 crore in bonds. Although the bank paid Tk 142 crore in interest, it could not return the principal amount.

The loan was granted under sections 16(4)(d) and 17(1)(b) of the Bangladesh Bank Order at an interest rate of 11.5 percent for 90 days, secured by a demand promissory note. Similar assistance had previously been extended to five other banks, including Islamic banks, which also struggled to repay. Premier Bank’s liquidity crisis deepened after several large corporate clients withdrew deposits, leaving it unable to maintain required CRR and SLR reserves.

Following the fall of the Awami League government, Bangladesh Bank restructured Premier Bank’s board, citing earlier mismanagement and alleged fraud under former chairman HBM Iqbal’s tenure. Despite regulatory support and deferral facilities, the bank still reported losses and significant capital shortfalls.

The National Board of Revenue (NBR) is set to make the VAT Identification Number (BIN) mandatory for registering land and vehicles under business entities, as well as for obtaining essential services such as electricity, gas, and water. According to NBR sources, this proposal will be included in the upcoming fiscal year’s budget to expand VAT coverage and increase the number of registered businesses.

An NBR official said the next budget will prioritize bringing unregistered businesses under VAT registration. The registration process will be simplified by removing certain documentation requirements, such as bank account details, and enabling online registration. Currently, businesses with annual turnover above 3 million taka must register for VAT, but many remain outside the system. The new plan aims to include them while offering special exemptions for smaller enterprises.

Officials added that small businesses may be allowed to submit VAT returns annually or semiannually instead of monthly. The NBR’s initiative follows a recent meeting with the Prime Minister, emphasizing broader participation in national development through fair tax compliance.