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Dhaka Mass Transit Company Limited (DMTCL) has decided to extend the operating hours of the metro rail by 20 minutes at night starting Sunday. Under the new schedule, one additional trip will be added to the service. The last train from Uttara North to Motijheel will now depart at 9:50 p.m., while the final train from Motijheel to Uttara North will leave at 10:30 p.m. Currently, the last trains depart at 9:30 p.m. and 10:10 p.m. respectively.
According to Ahsan Ullah Sharifi, Deputy Project Director (Public Relations) of the Dhaka Mass Rapid Transit Development Project (Line-6), the decision was made considering passenger demand. The new schedule will take effect on June 7.
The extension aims to accommodate increasing ridership during late hours and improve commuter convenience across the metro network.
Dhaka Metro Rail extends night service by 20 minutes from June 7
Transparency International Bangladesh (TIB) has expressed deep disappointment and anger over media reports that the government is considering allowing the legalization of undisclosed or black money in the upcoming 2026–2027 fiscal year budget through a declaration of unconditional amnesty, without allowing any authority to question the source of such funds. The organization said the move, justified by the government as a way to boost investment and economic growth, would instead institutionalize corruption and irregularities under state patronage.
In a statement, TIB Executive Director Dr. Iftekharuzzaman said that successive governments since independence have continued this unconstitutional practice under Article 20(2) of the Constitution, often under the pretext of short-term financial benefits. He noted that such policies have encouraged tax evasion and discouraged honest taxpayers. He also criticized the current government’s attempt to reintroduce the provision, arguing it undermines previous efforts to abolish it.
Dr. Iftekharuzzaman added that while the government may aim to repatriate laundered money through general amnesty, those involved in illegal earnings or ongoing legal cases must not be exempted from accountability.
TIB condemns government plan to legalize black money as unconstitutional and corruption-friendly
Education Minister Dr. Ehsanul Haque Milan announced that the upcoming 2026–27 fiscal year budget will allocate two percent of Bangladesh’s GDP to the education sector, amounting to 1.23 trillion taka. He made the statement on Thursday after a meeting with Prime Minister Tareque Rahman at the Secretariat. The minister noted that this is the first time the country’s education sector will receive a full two percent of GDP, covering primary, secondary, madrasa, and higher education.
In the previous budget, education received 1.69 percent of GDP, which included allocations for projects such as the Rooppur Nuclear Power Plant and ICT. The minister said the Prime Minister has pledged to gradually raise education spending to five percent of GDP. The government will prioritize teacher training, quality improvement, and technical education to develop skilled human resources. The Prime Minister also instructed that funds be arranged soon for teachers’ welfare and retirement benefits.
A detailed press conference on the allocation and related projects will be held within a few days, according to the minister.
Bangladesh sets record 2% of GDP for education in 2026–27 budget
The Bangladesh Energy Regulatory Commission (BERC) has withdrawn the increased electricity tariff for residential consumers using up to 75 units, known as lifeline customers. The decision was announced on Thursday afternoon through an official notice, following concerns about the impact of higher rates on marginal consumers.
Earlier, the Power Division had requested BERC to reconsider the revised electricity tariff. The commission had held public hearings on May 20 and 21 after receiving proposals from distribution companies to adjust retail rates. Using its authority under the Bangladesh Energy Regulatory Commission Act, 2003, BERC had redefined wholesale, transmission, and retail tariffs. However, the approved rates did not reflect the Power Development Board’s proposal for lifeline consumers, prompting the Power Division’s intervention.
Citing the government’s commitment to improving living standards for low- and lower-middle-income families, the Power Division argued that the revised tariff conflicted with national policy. In response, BERC decided to restore the previous rate for lifeline consumers based on the Power Development Board’s earlier proposal from May 3, 2026.
BERC cancels increased electricity tariff for lifeline consumers up to 75 units
Cuba’s central bank announced that starting June 6, Visa and Mastercard transactions will no longer be processed in the country. The move follows new US trade sanctions imposed by the Trump administration, which have intensified economic pressure on Cuba’s already struggling economy. According to Reuters, several foreign companies have begun limiting or ending business ties with Cuba after a US executive order issued on May 1.
The central bank stated that due to these restrictions, payments for goods and services through international cards can no longer be received. Analysts described the development as a major blow to Cuba’s economy, particularly its tourism sector, which was already in distress. The sanctions also target GAESA, a military-controlled business group accused of secretly managing revenues from tourism, financial transactions, and remittances.
Cuba’s government has denied the allegations, asserting that GAESA contributes to the country’s economic and social development. In recent weeks, several foreign hotels, airlines, and shipping companies have reportedly begun withdrawing from Cuba amid the tightening sanctions.
US sanctions stop Visa and Mastercard use in Cuba, worsening its economic and tourism woes
The U.S. Department of Defense is facing growing financial pressure as fuel prices surge due to the ongoing Iran war. According to Pentagon data, the average refined fuel price for the military rose from 154.14 dollars per barrel in October to 195.72 dollars in April. The increase could lead to more than one billion dollars in unexpected additional costs this year, as the department consumes about 80 million barrels of fuel annually.
Military leaders are also struggling with rising civilian fuel and commercial flight costs. Since troops often rely on commercial flights, rental cars, and private vehicles for training and other activities, the higher fuel prices are placing extra strain on the defense budget.
As a result, travel expenses have come under strict review. Reports indicate that since at least April, some units have significantly reduced or canceled travel for training and other events to control spending.
Rising fuel costs from Iran war push Pentagon into severe budget pressure
Dinajpur recorded its highest temperature at 38.6 degrees Celsius on Thursday afternoon, according to the district meteorological office. The temperature was measured at 3 p.m., marking a slight increase from Wednesday, when Dinajpur also registered the highest temperature in the country at 38.5 degrees Celsius.
Officials from the Dinajpur regional meteorological office reported that the combination of rising temperatures and increased moisture in the air has intensified the feeling of heat across the area. The data indicates a continuing trend of high temperatures in the region, with humidity contributing significantly to discomfort among residents.
The sustained heat and humidity suggest that the region may continue to experience intense weather conditions in the near term, though no forecast details were provided in the report.
Dinajpur hits 38.6°C as humidity intensifies heat discomfort
The government of Bangladesh is considering exempting two categories of electricity consumers—lifeline (marginal) and first-step users—from the recently announced price increase. The Power Development Board (PDB) has already applied to the Bangladesh Energy Regulatory Commission (BERC) to keep electricity rates unchanged for these groups. BERC sources confirmed that a revised decision on this matter could be issued soon.
On Wednesday, BERC had announced a record hike in electricity prices across all consumer categories. The wholesale rate was raised by an average of 19.85 percent, transmission charges by 23.96 percent, and retail consumer rates by 16.68 percent. Under the new rates, lifeline users consuming 0–50 units were to pay Tk 5.32 per unit, while first-step users consuming 0–75 units were to pay Tk 6.18 per unit, effective from June.
If approved, the exemption would maintain previous rates for these two consumer groups, providing relief to lower-income households affected by the recent price adjustments.
Bangladesh plans to exempt low-use consumers from the latest electricity price hike
Bangladeshi-origin American musician and DJ Sanjoy has been selected to perform at the opening ceremony of the FIFA World Cup 2026. He is also featured on the tournament’s official album, marking a proud moment for Bangladesh. Sanjoy shared the news on his social media, describing it as the realization of a long-cherished dream. Raised in San Jose, United States, he said he spent countless hours practicing music while growing up between two cultures.
Sanjoy expressed pride in being part of the official World Cup album, saying one of his songs will be included in the soundtrack of the world’s biggest sporting event. He described the achievement as incredible and viewed it not only as a personal success but also as an inspiration for young dreamers. The song, titled “Sir Sir,” features Bollywood star Nora Fatehi and French artist Vezedric.
With this inclusion, Bangladesh’s name will be represented on the global stage of football and music through Sanjoy’s contribution.
Bangladeshi-American DJ Sanjoy joins FIFA World Cup 2026 album and opening ceremony
Bangladesh’s State Minister for Fisheries and Livestock, Sultan Salauddin Tuku, announced that a total of 9,367,418 animals were sacrificed across the country during Eid-ul-Azha. The data, presented at a press briefing at the ministry’s conference room on Thursday, showed that Dhaka division recorded the highest number of sacrifices, followed by Rajshahi and Chattogram. Compared to last year, the number of sacrificial animals increased by 231,418.
According to the ministry’s preliminary statistics, the total included 4,864,158 cattle and buffalo, 4,502,233 goats and sheep, and 1,027 other animals. The national demand for sacrificial animals this year was 10,106,334, while availability stood at 12,333,840, leaving a surplus of 2,966,422 animals. The minister stated that Bangladesh is now self-sufficient in livestock production and that the government aims to export surplus animals and meat after meeting domestic demand.
He credited timely government policies, farmers’ dedication, and private investment for achieving self-sufficiency in the livestock sector, which he said contributes to strengthening the rural economy and sustainable development.
Over 9.3 million animals sacrificed in Bangladesh during Eid-ul-Azha, livestock surplus reported
Elon Musk’s rocket company SpaceX is preparing for what could become the largest initial public offering in history, targeting a market valuation of about $177 trillion. According to a filing with the U.S. Securities and Exchange Commission, SpaceX plans to sell 556 million shares at $135 each, aiming to raise roughly $75 billion. Trading is expected to begin on June 12 on the Nasdaq Stock Exchange in New York.
The IPO would make SpaceX the world’s seventh-largest company by market capitalization, surpassing Tesla and Meta, and ranking just behind Taiwan’s TSMC. The listing is also set to break Saudi Aramco’s 2019 IPO record. Despite going public, Musk will retain effective control of SpaceX through a dual-class share structure granting him over 82% of voting rights. The company’s decision to set a fixed share price before launch is considered unusual compared to standard IPO practices.
Founded in 2002, SpaceX designs and launches rockets and spacecraft for NASA and private clients, and also operates its Starlink and xAI divisions. The IPO will test investor confidence in Musk’s long-term vision, as SpaceX reported heavy losses in 2025 and early 2026.
SpaceX targets record $177 trillion valuation in June 12 Nasdaq IPO
The chairman of the Bangladesh Securities and Exchange Commission (BSEC), Khondkar Rashed Maksud, along with four commissioners, resigned on Thursday, June 4, 2026. The commissioners who stepped down are M. Mohsin Chowdhury, Md. Ali Akbar, Farzana Lalarukh, and Md. Saifuddin. They submitted their resignation letters to the Financial Institutions Division of the Ministry of Finance in the morning. Maksud had been appointed chairman on August 18, 2024, for a four-year term, while the commissioners were appointed between June 2024 and July 2025.
Finance and Planning Minister Amir Khosru Mahmud Chowdhury announced that the BSEC, the country’s capital market regulator, will be reconstituted within the next two weeks. The resignations came a day after the officials cleared their personal belongings from their offices. A planned Eid reunion event at the BSEC headquarters, scheduled for Thursday morning, was canceled earlier that day, and invitees were informed via text message.
The ministry’s announcement indicates that a new leadership team for the BSEC will be formed soon to ensure continuity in regulatory oversight of the capital market.
BSEC chairman and four commissioners resign; finance minister promises reconstitution within two weeks
Concrete brick and block manufacturers across Bangladesh are facing a severe crisis due to inadequate government support and limited use of eco-friendly materials in public and private construction projects. Despite a 2019 government plan to phase out traditional clay bricks and fully adopt concrete blocks in public works by the 2024–25 fiscal year, production and use of clay bricks continue nationwide, harming both the environment and investors in sustainable industries.
Entrepreneurs and environmental officials say that concrete blocks, produced with modern technology using stone chips, Sylhet sand, and high-quality cement, are durable, heat- and sound-resistant, and environmentally safer. However, many factories are struggling or closing due to lack of policy enforcement, awareness, and incentives. Local engineers and business owners note that using hollow and uni blocks reduces construction costs, time, and maintenance expenses while improving durability.
Environmental experts warn that without stronger policy execution and incentives, Bangladesh may fail to meet its sustainability targets and risk discouraging future investment in eco-friendly construction materials.
Bangladesh’s eco-friendly concrete brick industry struggles amid weak policy support and continued clay brick use
The chairman and commissioners of the Bangladesh Securities and Exchange Commission (BSEC) have resigned unexpectedly, ending weeks of speculation. The resignations were submitted on Thursday morning to the Financial Institutions Division of the Ministry of Finance. The outgoing chairman, Khondkar Rashed Maksud, and commissioners Md. Mohsin Chowdhury, Md. Ali Akbar, Farzana Lalarukh, and Md. Saifuddin stepped down from their positions.
Two days earlier, Finance and Planning Minister Amir Khosru Mahmud Chowdhury had announced at an Economic Reporters Forum event that new appointments for the BSEC chairman and commissioners would be made within two weeks. Following this announcement, the resignations came sooner than anticipated. A scheduled Eid reunion event at the BSEC office, organized by the chairman, was also canceled after the resignations.
According to sources connected to the invited guests, the chairman and commissioners were advised to resign. The developments mark a significant leadership change at the country’s capital market regulatory body.
BSEC chairman and commissioners resign unexpectedly after minister’s appointment announcement
Global oil prices declined following reports that the ceasefire agreement between Israel and Lebanon had strengthened. Investors interpreted the development as a sign of renewed diplomatic momentum toward resolving the broader conflict involving the United States, Israel, and Iran.
As of 12:15 a.m. GMT on Wednesday, Brent crude futures dropped by 67 cents, or 0.69 percent, to trade at 97.14 dollars per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures fell by 62 cents, or 0.65 percent, to 95.40 dollars per barrel. The decline reflected market optimism about reduced geopolitical risks in the Middle East.
The ceasefire understanding was reached after talks in Washington mediated by the United States. Both Israel and Lebanon agreed to implement the truce, though they emphasized that Hezbollah must completely halt its attacks for the agreement to hold.
Oil prices fall as Israel-Lebanon ceasefire strengthens and diplomatic optimism grows
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