The Bangladesh government has decided to reduce value-added tax (VAT) on liquefied petroleum (LPG) gas, aiming to bring down its market price. The decision was made on Thursday, February 5, during an advisory council meeting chaired by Chief Adviser Professor Muhammad Yunus. Chief Adviser’s Press Secretary Shafiqul Alam announced the decision at a press briefing held at the Foreign Service Academy in Dhaka.

According to Shafiqul Alam, the council approved a proposal to exempt the existing 7.5 percent VAT and 2 percent advance tax on local production and trading of LPG, while imposing a 7.5 percent VAT at the import stage. He stated that this adjustment would reduce the overall tax burden on LPG and consequently lower its retail price in the domestic market.

The government expects that the revised VAT structure will ease consumer costs and stabilize LPG prices across the country, providing some relief to households and businesses dependent on the fuel.

Chittagong Port is set to reopen on Friday morning after six days of shutdown due to worker protests against the government’s decision to appoint a foreign operator at the port’s New Mooring Container Terminal (NCT). Shipping Adviser M Sakhawat Hossain announced the resumption following a series of meetings at the port building on Thursday, warning that strict legal action would be taken against anyone obstructing operations.

The adviser said discussions with worker representatives were not fruitful but assured that the terms of the agreement with DP World would be reviewed to include workers’ concerns where possible. He emphasized that the government could not withdraw from its current position on the deal. Hossain also noted that the country was in a sensitive period ahead of elections and Ramadan, making it essential to keep the port operational.

Leaders of the Port Protection Struggle Council have suspended their protest programs for Friday and Saturday following the adviser’s assurances. They warned that if the government fails to make a positive decision within two days, they will resume their movement from Sunday.

A meeting held in Chattogram on Thursday to resolve the ongoing deadlock at the port ended without any decision. The session, attended by Shipping Adviser M Sakhawat Hossain, was convened amid a six-day blockade by port workers protesting the government’s decision to lease the NCT terminal to a foreign company. Despite the adviser’s presence and discussions with port authorities and stakeholders, the protesting workers refused to join the meeting and continued their demonstrations outside.

Sakhawat Hossain told reporters that no foreign operator had yet been appointed and that there was no justification for halting operations at the country’s key economic hub ahead of Ramadan and the national election. He expressed hope that the crisis could be resolved if workers agreed to sit for talks. However, the workers, led by the Port Protection Struggle Council coordinator Humayun Kabir, rejected an invitation to a follow-up meeting at the Boat Club, insisting that any discussion must take place at the port building.

The standoff remains unresolved, with security forces maintaining a presence around the port premises.

The Washington Post, owned by Amazon founder Jeff Bezos, has begun large-scale layoffs affecting roughly one-third of its staff across all departments, according to a company spokesperson on Wednesday. The move will significantly reduce the size of the organization. Several foreign bureaus, including the entire Middle East desk, Ukraine coverage, and operations in Australia and India, have also been scaled back.

Employees were reportedly instructed via email to stay home on Wednesday morning, prompting questions from staff, former editors, and readers about Bezos’s silence and role in the decision. Many current and former employees expressed frustration, suggesting that Bezos is no longer as actively engaged with the newsroom as before.

U.S. media reports cited restructuring and financial challenges as the main reasons for the layoffs, rather than performance. Some dismissals were also linked to internal disputes or ideological differences. Former chief fact-checker Glenn Kessler wrote that Bezos appears focused on surviving under Donald Trump’s political climate rather than saving the paper, reflecting broader concerns about editorial and business decisions being influenced by non-journalistic factors.

Venezuelan interim president Delcy Rodríguez has met with senior executives from Spain’s Repsol and France’s Maurel & Prom to discuss the country’s energy sector. The state-owned oil company PDVSA confirmed the meetings on Wednesday, describing them as the new administration’s first major talks with foreign investors since the ouster of Nicolás Maduro one month ago.

According to PDVSA’s separate statements, discussions with Repsol focused on ensuring Venezuela’s energy security and sovereignty while maintaining mutual interests and profitability. Talks with Maurel & Prom emphasized strengthening strategic partnerships aimed at increasing Venezuela’s oil production capacity.

Both Repsol and Maurel & Prom have long been involved in Venezuela’s oil production and trade, though their operations have faced disruptions in recent years due to strict U.S. sanctions.

The United States has returned the entire $500 million from an initial oil sale to the Venezuelan government as part of an agreement between Caracas and Washington. A U.S. official, speaking anonymously on Tuesday, confirmed that the final $200 million had already been transferred to Venezuela. The funds were returned under a deal reached last month following the January 3 U.S. military operation in which Venezuelan President Nicolás Maduro was detained.

According to the U.S. official, the arrangement was designed to allow Venezuela to generate revenue from its own oil to pay salaries for teachers, firefighters, and police officers, and to maintain government operations. The money had been temporarily held in Qatar as a short-term measure to ensure that Venezuela could access the funds necessary for running its administration.

The official emphasized that the return of the funds was intended to prevent institutional collapse in Venezuela while maintaining essential public services.

A prolonged strike at Chattogram Port has escalated into a national crisis, disrupting supply chains and threatening market stability ahead of Ramadan. The strike, initially an eight-hour protest, has turned indefinite following opposition to the government’s plan to lease the New Mooring Container Terminal to foreign operator DP World. As a result, over 120 ships are waiting to unload, including at least 35 carrying essential Ramadan goods such as dates, lentils, chickpeas, sugar, and edible oil. Importers face rising storage costs, and analysts warn that these expenses will likely push consumer prices higher.

The port’s operations have slowed to half capacity, causing severe congestion and revenue losses at the Chattogram Customs House. Business leaders and shipping agents report that each day of delay costs importers tens of thousands of dollars, which will ultimately burden consumers. The government has banned gatherings near the port, ordered regular labor bookings, and formed a six-member committee to assess revenue losses and identify those responsible.

Labor leaders insist the strike will continue until the lease plan is canceled, while port authorities have declined to comment on the pending agreement with DP World.

Operations at Chattogram Port’s New Mooring Container Terminal (NCT) have come to a standstill due to an indefinite strike called by the Nationalist Workers Party and the Sramik Oikya Parishad (SKOP). The strike, initially an eight-hour work stoppage, escalated into a full shutdown after the government decided to appoint a foreign operator at the terminal. Despite warnings and transfer orders from the Ministry of Shipping, protesting workers have refused to leave their posts. The port has now accumulated 37,000 containers, with 120 cargo ships waiting offshore.

The unrest follows a High Court ruling on November 30 that upheld the legality of hiring a foreign operator, prompting preparations for a contract between Chattogram Port Authority and global terminal operator DP World. However, the agreement, scheduled for February 1, was postponed amid the protests. Business leaders and port users have expressed concern over the prolonged disruption, warning of severe impacts on trade and the national economy.

Port officials say the situation is being monitored by the government’s top level, while industry associations caution that continued paralysis could damage Bangladesh’s global trade reputation and cause market instability.

Foreign loan approvals for Bangladesh’s private sector fell sharply in fiscal year 2024–25, with only USD 454.6 million approved across 43 applications, compared to over USD 1.4158 billion for 76 applications the previous year. The Bangladesh Investment Development Authority (BIDA) reported the 75 percent decline in its annual report, attributing it to reduced investment and lower demand for imported capital machinery.

BIDA officials explained that the slowdown in domestic investment has reduced the need for foreign borrowing. Policy Exchange of Bangladesh’s chairman Dr. M Masrur Reaz noted that private sector credit growth dropped to 6.2 percent, the lowest in decades, reflecting weak domestic demand and slower economic output. He expressed hope that investment and loan demand would recover under a newly elected government.

Sources added that higher global interest rates and the depreciation of the taka against the US dollar have increased borrowing costs, further discouraging foreign loans. BIDA’s recent reform allowing short-term loans to be processed directly through banks also affected the reported figures.

Bangladesh Bank has purchased an additional 171 million US dollars from 16 commercial banks. The transaction took place on Wednesday, February 4, and was confirmed by the bank’s Executive Director and Spokesperson, Arif Hossain Khan. The cutoff price for the purchase was set at 122.30 taka per dollar.

According to the information provided, this is the second round of dollar purchases in February, bringing the total for the month to 389.5 million dollars. The central bank has been conducting multiple auctions to buy dollars during the 2025–26 fiscal year. As of the latest data, Bangladesh Bank has purchased a cumulative total of 4.32 billion dollars through these auctions.

The continued dollar purchases indicate the central bank’s ongoing efforts to manage foreign exchange reserves and stabilize the domestic currency market, as reflected in its repeated interventions through auctions.

Workers and employees at Chattogram Port began an indefinite strike on Wednesday, February 4, 2026, demanding cancellation of the lease of the NCT terminal to foreign company DP World and withdrawal of mass transfer orders. The strike was announced a day earlier by the Port Protection Struggle Council, coordinated by Md. Ibrahim Khokon. Council coordinator Md. Humayun Kabir said the protest would continue until the government withdraws from the lease process. Since morning, no trucks or lorries have entered the port, and workers have refrained from duty.

The strike follows three consecutive days of eight-hour blockades organized by labor groups including the Sramik Karmachari Oikya Parishad and Jatiyatabadi Sramik Dal. Port activities such as container handling, cargo delivery, and vehicle movement have come to a standstill, though unloading from large to small vessels at outer anchorage continues. Over a hundred ships are reportedly waiting offshore, many carrying Ramadan consumer goods.

Labor leaders and importers blame the government and port authority for the deadlock, while a shipping adviser stated the timing of the protest before Ramadan would be investigated for possible intent to raise prices.

The Bangladesh government has decided to hire a British law firm to represent it in an international arbitration case filed by S Alam Group founder Saiful Alam and his family. The case is being heard at the International Centre for Settlement of Investment Disputes (ICSID) under the World Bank. The firm will be paid an hourly fee of 1,250 US dollars. The decision was approved on Tuesday at a meeting of the government’s advisory committee on public procurement, chaired by Economic Adviser Salehuddin Ahmed.

Following the meeting, Salehuddin Ahmed told reporters that the S Alam family had filed a case in London challenging the government’s actions related to alleged money laundering. He said the arbitration notice from ICSID required a formal response from Bangladesh and described the matter as complex. He confirmed that the government would appoint a British firm but did not recall its name.

The arbitration case was filed in October last year, alleging that Bangladesh’s seizure and punitive actions over alleged money laundering caused losses worth hundreds of millions of dollars to the S Alam family. The family claims protection as Singaporean citizens under international investment law and Bangladesh’s 1980 Foreign Private Investment Act.

Finance Adviser Dr. Salehuddin Ahmed stated that the interim government has already arranged the necessary funds to implement the new pay scale, ensuring that future elected administrations will find it difficult to reverse the decision. He made the remarks on Tuesday after a meeting of the Advisory Council on Procurement at the Secretariat, noting that implementation may take some time.

Discussing the government’s financial management, the adviser said the interim administration has worked to leave behind a relatively stable economic foundation for the next government. He explained that the fragile economic situation that emerged after August 5, 2024, had been largely stabilized over the past one and a half years. On the upcoming referendum, he said the government has allocated funds in the budget for its organization but is not supporting any specific outcome. He added that election expenses are higher this time due to the referendum.

Dr. Ahmed also mentioned that several unnecessary projects initiated by the previous government were discontinued, temporarily reducing employment. However, he described these measures as necessary for maintaining long-term economic balance.

The government of Bangladesh has approved separate proposals to purchase about 210,000 tonnes of fertilizer from various sources to meet farmers’ demand. The approval came on Tuesday during the fifth meeting of the Cabinet Committee on Government Purchase held at the Secretariat, chaired by Economic Adviser Dr. Salehuddin Ahmed.

According to the decisions, the committee approved the import of 40,000 tonnes of DAP fertilizer from Morocco’s OCP Nutrécrops under the 11th optional lot at a cost of Tk 319.51 crore, priced at USD 651 per tonne. It also approved two separate proposals to import 30,000 tonnes each of TSP fertilizer from the same supplier under the 17th and 18th lots, each costing Tk 184.53 crore. Additionally, 40,000 tonnes of DAP fertilizer will be imported from Saudi Arabia’s Ma’aden Company under the first lot of 2026 for Tk 323.92 crore.

Further approvals include 30,000 tonnes of bagged granular urea from Bangladesh’s KAFCO for Tk 153.08 crore and 40,000 tonnes of bulk granular urea from Saudi Arabia’s SABIC Agri-Nutrients Company for Tk 205.31 crore. Officials said these imports will ensure uninterrupted fertilizer supply for farmers and support food security.

Jamuna Fertilizer Factory, the largest urea producer in Bangladesh, has resumed production after a temporary shutdown. The production restarted on Tuesday night at 8:30 p.m., according to factory sources. Operations are currently running at 75 percent capacity due to low gas pressure, with plans to gradually return to full capacity once gas supply improves.

Factory General Manager (Operations) Md. Fazlul Haque stated that production was restarted despite the risk of low gas pressure, considering the demand during the agricultural season. The decision was made to keep the plant operational on a limited scale to meet fertilizer needs.

Earlier, on January 22, the factory’s booster tripped when gas pressure dropped to 8 kilograms, forcing a complete shutdown of urea production for safety reasons. The resumption aims to stabilize fertilizer supply during the ongoing farming period.