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Gold prices in Bangladesh have dropped significantly, with the Bangladesh Jewellers Association (BAJUS) announcing a reduction of Tk 5,482 per bhori for 22-carat gold. The new rate, including VAT, is set at Tk 225,290 per bhori and took effect from 10 a.m. on Wednesday, June 24, 2026. The association stated that the adjustment follows a decline in the price of pure gold in the local market.
According to the revised pricing, 21-carat gold now costs Tk 215,142 per bhori, 18-carat gold Tk 184,758, and traditional gold Tk 150,932 per bhori. BAJUS confirmed that these rates will remain in force across all jewelry outlets until further notice. Labor charges will vary depending on design, and customers will not be charged VAT separately, as it is already included in the sale price.
The association had previously raised gold prices on June 22, 2026, by Tk 4,432 per bhori, setting the 22-carat rate at Tk 230,772. BAJUS also mentioned that a decision regarding VAT on silver jewelry will be announced soon.
BAJUS cuts gold price by Tk 5,482 per bhori, new rate Tk 225,290 effective June 24
A historic drop in onion prices has plunged farmers in Puthia upazila of Rajshahi into deep financial distress. Prices have fallen far below production costs, forcing thousands of growers to bear heavy losses. Farmers report that where onions previously sold for Tk 2,500–3,000 per maund at this time of year, prices have now dropped to Tk 800–1,000 depending on the variety. Storage losses, weight reduction, and oversupply have worsened the crisis.
Local farmers complain that prolonged storage has caused onions to dry out and rot, while irregularities in weighing have further reduced their returns. Abdul Momin, a farmer at Baneshwar market, expressed frustration, saying that the current price barely covers basic household needs. Traders attribute the price collapse to excessive supply, noting that high production and limited storage capacity have forced farmers to sell quickly.
Upazila agriculture officer Smriti Rani Sarkar confirmed that oversupply has driven prices down but expressed hope for a rebound soon. Farmers are urging the government to improve market regulation, expand storage facilities, and ensure fair prices to prevent future production and market crises.
Onion prices crash in Puthia, leaving farmers in deep financial distress
District and sub-registrars in Bangladesh, responsible for both land registration and valuation, are facing allegations of long-term revenue fraud. Reports suggest that a network of officials and land grabbers has been manipulating land classifications to register high-value plots as low-value categories such as ‘nal’ land, depriving the government of millions in revenue. The issue has placed the registrars under scrutiny for allegedly aiding fraudulent land reclassification.
According to the Land Ministry, the government is planning to overhaul the traditional valuation process by expanding the valuation committees and including representatives from other ministries. Land Minister Mizanur Rahman Minu and Senior Secretary Saleh Ahmed confirmed that the ministry is working to bring all land-related services under one administrative framework to curb irregularities. Data from areas like Gulshan and Tejgaon show drastic differences in registration fees between land categories, highlighting the scale of potential revenue loss.
Experts and officials note that outdated land records and unlinked digital systems allow such discrepancies to persist. They suggest integrating land use data with registration systems to minimize tax evasion and improve transparency in land administration.
Bangladesh to reform land valuation after allegations of registrar-led revenue fraud
The Chattogram Development Authority (CDA) is preparing a 25-year master plan to transform the port city into a sustainable, disaster-resilient, and environmentally friendly satellite city. The draft final report has been sent to the ministry for gazette publication ahead of a 60-day public hearing, with the plan expected to be released in December. The initiative, known as Master Plan 2025–2050, began in December 2022 with a budget of Tk 35.88 crore. CDA reports 87 percent physical and 59.67 percent financial progress, including digital mapping of 1,135 mouzas.
The plan aims to expand the city from 155 to 955 square kilometers by integrating Anwara and Karnaphuli areas across the river, following a “One City Two Town” model similar to Shanghai. It proposes 276 projects across 19 sectors, emphasizing environmental protection, flood control, and sustainable housing for 800,000 to 1 million people. Construction in 198.4 square kilometers of hilly areas will be prohibited.
Urban experts have welcomed the technical precision but warned that without institutional coordination, legal reform, and adequate funding, implementation may falter as in previous plans. CDA says it has begun inter-agency coordination and will operate under the new plan from December.
CDA unveils 25-year plan to turn Chattogram into a sustainable satellite city
The Tengratila gas field in Doarabazar, Sunamganj, has remained inactive for over two decades following two major explosions on January 7 and June 24, 2005. As the 21st anniversary of the second explosion passes, residents express frustration over the lack of government action to restart operations. The field, once a key supplier for local industries, has been left idle, raising questions about legal and geopolitical factors behind its prolonged closure.
Local speculation links the inactivity to possible Indian interests, as the field lies only 7–10 kilometers from the Meghalaya border. Experts warn that underground gas reserves do not follow political boundaries, and extraction on the Indian side could cause a “drainage effect,” drawing gas from Bangladesh’s territory. Despite an international court ruling holding Canadian company Niko liable for damages, the site remains dormant.
Community leaders, environmental activists, and local officials have urged the government to conduct new surveys and resume production, citing national energy shortages and fears that valuable gas reserves may be slipping away across the border.
Tengratila gas field remains idle for 21 years, locals fear cross-border gas loss
A culvert on the Nimgachi-Heutnagar road in Dhunat upazila of Bogura district suddenly collapsed on Monday morning following continuous rainfall. The incident caused no casualties but severed road communication for about 30,000 residents across at least 15 villages in Nimgachi and Kalerpara unions. The collapse occurred when soil beside the structure eroded under heavy water pressure during drainage from nearby fields.
According to local sources, the 15-meter-long culvert was built in 2001 under the Annual Development Programme to improve rural communication and water drainage. Residents alleged that substandard construction made the culvert unstable from the beginning, and no repairs were undertaken despite its risky condition. Continuous rain and poor maintenance ultimately led to its failure, forcing locals, students, and workers to take longer alternative routes.
Local Government Engineering Department (LGED) engineer Bakhtiar Hossain said a proposal for a new culvert has been prepared and sent to higher authorities. The upazila administration also instructed immediate measures to restore communication and later build a durable bridge at the site.
Culvert collapse in Bogura halts road link for 30,000 residents
A BBC Bangla report published on June 24, 2026, outlines key financial terms such as default loans, distressed loans, loan rescheduling, and bankruptcy in Bangladesh’s banking sector. According to central bank data, by December 2025, about 60 percent of total outstanding loans worth Tk 18.2 trillion were classified as distressed, meaning they carried a high risk of default. The report notes that non-performing loans currently total Tk 5.88 trillion, with the default rate exceeding 30 percent across all types of banks.
Dhaka University’s Professor Md. Shahidul Islam Zahid attributes the high default rate to weak management, audit irregularities, misuse of power, and poor regulatory oversight. He warns that when 30–35 percent of loans become uncollectible, the banking system faces severe stress. The report also explains that distressed loans are not yet defaulted but at high risk, and that rescheduling allows borrowers to renegotiate repayment terms under specific conditions.
The analysis emphasizes that rising default loans reduce banks’ liquidity and lending capacity, affecting investment and deposit security across the economy.
Bangladesh report details causes and risks of rising default and distressed loans
Residents of several villages in Raozan upazila of Chattogram have repaired a 600-foot stretch of road through voluntary labor after years of neglect. The Kulalpara-Gazipara road in East Raozan had remained in poor condition for decades, causing severe hardship for more than 20,000 residents. With no initiative from local representatives, villagers decided to take matters into their own hands and fund the repair themselves.
On Wednesday morning, residents from Kulalpara, Gazipara, Moular Bari, Adarshagram, Shilpara, Baruyapara, and Rupnagar joined the effort. Under the supervision of local social worker Mohammad Ali and with financial support from expatriates, around 200 to 300 people participated in the voluntary roadwork. Several community members and local figures were present during the repair activities.
The initiative highlights the community’s determination to address infrastructure problems independently when official action is lacking.
Villagers in Raozan repair 600-foot road through voluntary labor after years of neglect
Finance Minister Amir Khosru Mahmud Chowdhury informed the National Parliament that several business sectors, including grocery stores and beauty parlors, are planned to be brought under the Value Added Tax (VAT) system in the upcoming 2026–27 fiscal year. He disclosed this plan on Wednesday while responding to a question from reserved seat MP Selina Sultana during the parliamentary question session chaired by Speaker Hafiz Uddin Ahmed.
According to the minister, the sectors expected to come under VAT include sellers of ready-made garments or fabrics, confectionery, cosmetics shops, plastic and ceramic household goods, shoe stores, hardware sellers, decorators, mobile phones, air conditioners, refrigerators, ovens, and other electronics, as well as paint, sanitary fittings, tiles, corrugated sheets, rods, cement, furniture, sweet shops, and restaurants.
The minister also stated that in the 2024–25 fiscal year, a total of 1,41,586 crore taka was collected as VAT revenue.
Bangladesh to expand VAT coverage to grocery stores and beauty parlors in 2026–27 fiscal year
Civil Aviation and Tourism Minister Afroza Khanom Rita and Disaster Management and Relief Minister Asadul Habib Dulu inspected canal excavation work in Kasadah canal of Shibaloy upazila, Manikganj, on Wednesday afternoon. During the visit, they also participated in a tree-planting program. Minister Dulu stated that rivers in Bangladesh are drying up due to water disparity caused by a neighboring country, adding that the government has undertaken the Teesta and Padma master plans to address the issue.
He emphasized that Bangladesh, being a riverine country, has seen many rivers turn into canals because of neglect and lack of maintenance. The government has a master plan for re-excavation of these waterways. Dulu noted that early rainfall has slowed excavation work, but incomplete projects will be finished in the next dry season.
Addressing corruption concerns, the minister said Bangladesh had been plagued by corruption for 17 years and that while it cannot be eradicated overnight, any specific complaints regarding canal excavation will be investigated and acted upon.
Ministers inspect Manikganj canal project, cite cross-border water disparity and corruption concerns
Authorities in Teknaf, Cox’s Bazar, have issued loudspeaker warnings urging residents living on hill slopes to move to safer areas as continuous heavy rainfall has raised fears of landslides. Hundreds of low-income families continue to live in these risky zones due to poverty and lack of alternative housing. The administration has begun identifying landslide-prone settlements and conducting awareness campaigns with NGO support.
Local residents reported that illegal hill cutting continues at night in several areas, worsening the risk of collapse during the rainy season. Over the past year, more than a hundred new houses have been built on 12 highly vulnerable hills, now home to thousands of people. Officials said about 50,000 people, including displaced Myanmar nationals, are living illegally across 20 risky hills and 11 hillocks in the upazila.
The Forest Department stated that no new illegal settlements are being allowed and that relocation efforts are underway. The Upazila Nirbahi Officer confirmed that precautionary measures and public announcements are ongoing to prevent casualties during the monsoon.
Teknaf authorities warn hill residents to relocate as heavy rain heightens landslide risk
Authorities in Durgapur upazila of Netrokona have installed solar-powered street lights to deter increasing wild elephant attacks along the border. The installation work was inaugurated on Monday afternoon beside the hilly road in Dahapara area. The initiative includes setting up 20 solar street lights in border regions of Kullagara and No. 2 Durgapur unions to protect local residents and farmers from elephant incursions.
Every year, wild elephants crossing the border cause deaths and destroy crops, houses, and fruit orchards in the area. The project was undertaken following the death of a young man named Partha Rangsa in a wild elephant attack on May 5 in Bhabanipur area. The initiative was launched under the special direction of Deputy Speaker and local MP Barrister Kaiser Kamal, with the victim’s father inaugurating the installation work.
Upazila Nirbahi Officer Ahmed Sadat praised the project, saying it would enhance safety for both indigenous and Bengali farmers. Awareness programs are also being conducted through forest department volunteers to educate residents on how to respond during elephant encounters.
Solar lights installed in Netrokona to reduce wild elephant attacks near border areas
A severe heatwave sweeping across Europe has disrupted daily life in France, Spain, Italy, and Germany, with record-breaking temperatures prompting emergency alerts. French Prime Minister Sébastien Lecornu reported that at least 40 people have died in water-related accidents since Thursday as residents sought relief from the extreme heat. Among the victims was a 13-year-old girl who drowned in the Seine River. The Eiffel Tower closed early on Tuesday, and the Louvre Museum shortened its visiting hours through Saturday due to the heat.
France recorded its highest-ever average June temperature at 29.8°C, while Monday night was the warmest in its history with a minimum average of 21.6°C. Two children were found dead in a car in Carpentras, and a young footballer was hospitalized after being rescued from the Rhône River. Spain, Italy, and Germany also faced dangerous conditions, with Spain’s Andalusia region reaching 45°C and Italy issuing red alerts in 15 cities. Germany reported several drowning deaths linked to the heat.
Meteorologists expect slight cooling in the Iberian Peninsula from Wednesday, but warn that the heatwave could intensify in the Netherlands, Belgium, and Germany by Friday.
Europe reels under deadly heatwave as France reports 40 water-related deaths
Flood conditions have deteriorated across Bangladesh’s northeastern and northern regions after India opened all gates of the Gajoldoba Barrage, releasing upstream water amid continuous heavy rainfall. The Teesta River crossed the danger level at Dalia Point in Nilphamari on Tuesday afternoon, prompting the Water Development Board to open all 44 gates of the Teesta Barrage to control water flow. Low-lying areas in Lalmonirhat, Rangpur, Kurigram, and Gaibandha have been inundated, leaving thousands of families marooned.
According to the Flood Forecasting and Warning Centre, most major rivers are flowing below danger levels, but the Teesta, Surma, Kushiyara, and Someshwari rivers are at or near warning marks at several stations. Officials warned that heavy rainfall and upstream inflow may continue for the next two to three days, potentially worsening the flood situation in northern districts. Local residents expressed frustration over India’s release of water, urging action to prevent further inflow.
Authorities are monitoring embankments and roads in vulnerable areas while urging residents to remain alert as water levels continue to rise.
Teesta River crosses danger level as heavy rains worsen floods in northern Bangladesh
Bangladesh Bank has resumed lending to commercial banks by printing new money, providing around Tk 9,000 crore in liquidity support to Islami Bank over the past week. The central bank said the assistance was necessary to help the bank manage heavy deposit withdrawals following unrest over the appointment of its chairman. The funds were created through new money issuance, and economists warned that such actions could exert limited inflationary pressure.
According to officials, Islami Bank had failed to maintain its required cash reserve ratio and faced difficulties meeting customer withdrawal demands. The central bank extended the loan under its lender-of-last-resort function to stabilize the banking system. Former officials and economists noted that while money creation increases supply theoretically, the impact on overall inflation is expected to be minimal due to the limited scale of the support.
Bangladesh Bank stated that the liquidity assistance was temporary and would be repaid within the stipulated period, ensuring the excess money returns to the central bank. The move aimed to restore depositor confidence and prevent further instability in the financial sector.
Bangladesh Bank prints new money to aid Islami Bank amid liquidity crisis
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