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The United Arab Emirates has approached the United States for financial assistance as the Iran war continues to strain its economy. According to the Wall Street Journal, UAE Central Bank chief Khaled Mohammed Balama proposed a currency swap with the U.S. Federal Reserve to offset losses from missile strikes on oil and gas infrastructure and revenue disruptions caused by the Strait of Hormuz blockade. Informal talks have begun, though no official announcement has been made.
The UAE’s request follows heavy regional damage, including attacks on Dubai’s Fairmont The Palm Hotel, Fujairah’s oil terminal, and Amazon data centers. The U.S. has spent nearly $1 billion daily since February 28, while Israel’s war costs have exceeded $11 billion. Washington recently signaled it might seek war funding from Gulf states, but the UAE’s compensation demand could reverse that dynamic, forcing the U.S. to bear costs instead. Iran has separately demanded $270 billion in reparations from Gulf neighbors it accuses of aiding the conflict.
Analysts warn that adding a U.S. backstop to soaring war expenses could weaken the dollar’s dominance in energy trade, especially as the UAE explores yuan-based transactions with China.
UAE seeks U.S. financial backstop as Iran war strains economy and Trump faces rising pressure
Commerce Minister Khandaker Abdul Muktadir told Parliament that ongoing instability in the Middle East has already put pressure on Bangladesh’s exports and could affect remittance inflows if the situation continues. Responding to a question from ruling party MP Shamsur Rahman Shimul, he described the current Iran–Israel–US conflict as a military tension centered on Iran. The minister said the unrest has contributed to rising fuel prices, higher import, shipping, and insurance costs, and potential challenges for exports and remittances.
He noted that the Middle East is one of Bangladesh’s key trade partners, importing garments, pharmaceuticals, frozen foods, and leather goods from the country. The government is monitoring the situation and has initiated measures under the Prime Minister’s direction, including efforts to reduce logistics costs and expand markets beyond conflict-affected regions. The minister also presented recent export and trade deficit data, showing Bangladesh’s largest deficit with India.
Muktadir added that fuel price increases in Bangladesh have been moderate compared to global trends and are unlikely to significantly raise inflation, citing the limited impact of diesel price adjustments on production and transport costs.
Bangladesh trade faces pressure from Middle East unrest, remittance risk if crisis prolongs
The Ministry of Finance has issued a recruitment notice for 23 vacant posts under the Customs, Excise and VAT Training Academy. The positions span 11 categories, ranging from grade 11 to grade 20, with the application deadline set for May 10, 2026. The recruitment notice was published on April 20, 2026, and applications opened on April 19, 2026.
The available posts include Subedar, Office Assistant cum Computer Typist, Driver, Havildar, Nurse, Lineman Electrician, Pump Operator, Armorer, Projector Operator, Office Assistant, and Cook. Salary scales vary between 8,250 and 30,230 taka depending on the grade. Applicants must be between 18 and 32 years old as of May 10, 2026, though the maximum age limit is 40 years for certain positions.
Interested candidates must complete their applications and submit the examination fee through the designated website within the specified timeframe.
Finance Ministry opens 23 posts at Customs, Excise and VAT Training Academy
The government has launched Fuel Pass registration in 19 additional districts as part of its plan to streamline national energy management. The Ministry of Power, Energy and Mineral Resources confirmed the expansion in a notice issued on Monday, April 20, 2026. Registration is now open in Gazipur, Narayanganj, Cumilla, Lakshmipur, Noakhali, Bogura, Pabna, Sirajganj, Bagerhat, Chuadanga, Jashore, Barguna, Bhola, Jhalakathi, Habiganj, Moulvibazar, Dinajpur, Gaibandha, and Kurigram.
According to the ministry, the Fuel Pass system aims to make fuel usage more transparent and efficient. The registration process will gradually be extended to all remaining districts across the country. Citizens can also share feedback, complaints, or suggestions about the system through the official Facebook group at facebook.com/groups/fuelpass.
The initiative is expected to enhance monitoring and control of fuel distribution nationwide once fully implemented.
Bangladesh opens Fuel Pass registration in 19 more districts to improve fuel management
Farmers in Dharmapasha upazila of Sunamganj are unable to harvest ripe Boro paddy due to a severe shortage of laborers. Despite the fields being ready for harvest, many farmers are watching their crops fall and rot as they fail to find workers. The situation has worsened following recent heavy rains that caused ripe paddy to collapse onto the ground, while rising water levels in the haor areas have made it impossible to use harvesters.
According to the local agriculture office, Boro paddy was cultivated across 45 haors this season. Farmers report that daily wages for harvest workers have surged to between Tk 1,000 and Tk 1,200, while the market price of paddy remains only Tk 700 to Tk 800 per maund. Many are being forced to share half their yield with workers under the traditional “Adi” system to avoid total loss. Rising fuel prices have also increased the cost of threshing and transporting harvested paddy.
Farmers have urged the government to take urgent measures to address the labor crisis and prevent large-scale crop losses.
Dharmapasha farmers face severe labor shortage and rising costs during Boro paddy harvest
A new Air Traffic Management Center at Hazrat Shahjalal International Airport in Dhaka was inaugurated on Monday by Civil Aviation and Tourism Minister Afroza Khanom. The event was attended by State Minister for Civil Aviation and Tourism M. Rashiduzzaman Millat, French Ambassador Jean-Marc Serre-Charlet, ministry officials, and senior members of the Civil Aviation Authority of Bangladesh.
In her speech, Minister Afroza Khanom said the state-of-the-art and automated air traffic management system will make Bangladesh’s airspace safer, more efficient, and aligned with international standards. She recalled the contribution of late President Ziaur Rahman, who inaugurated the airport in 1980, laying the foundation for the country’s aviation sector. The minister expressed her vision to transform the airport into a global aviation hub.
State Minister Millat added that the new system, covering a 350-nautical-mile range, will enhance regional cooperation through integrated airspace management and information sharing with neighboring countries, supporting Bangladesh’s goal of becoming a regional aviation hub.
Bangladesh inaugurates modern air traffic management center at Shahjalal International Airport
A powerful earthquake measuring 7.4 on the Richter scale struck off the coast of Iwate Prefecture in northern Japan on Monday, April 20, 2026, at 4:53 p.m. local time. Following the quake, tsunami warnings were issued for Aomori Prefecture, Hokkaido, and nearby coastal regions, with authorities warning that waves up to three meters high could hit the shore. Tremors were also felt in Tokyo, where buildings swayed for several minutes.
Prime Minister Sanae Takaichi urged residents to move quickly to safe areas, advising people to avoid rivers and coastal zones and seek higher ground. Japan’s national broadcaster NHK displayed English alerts reading “Tsunami! Evacuate!” and “Don’t turn back” to warn foreign residents and visitors.
The Japan Meteorological Agency confirmed that the quake originated at a depth of 10 kilometers. Authorities continued to monitor the situation as precautionary measures remained in place across affected regions.
7.4 magnitude quake hits northern Japan, tsunami warnings for coastal regions
Significant mismanagement has been reported on the Paturia-Daulatdia ferry route, one of Bangladesh’s most vital river crossings. As of April 20, only two of the seven ferry terminals at the Daulatdia end remain operational, while the No. 7 terminal has been closed for over a week due to pontoon repairs. New pontoons purchased for the route are lying unused and rusting, while old pontoons are being patched up to keep services running. The slow pace of repair work has raised uncertainty about when the closed terminal will reopen.
Local residents have expressed concern that the unused pontoons, worth millions of taka, are deteriorating due to neglect. Earlier, a bus accident at the No. 3 terminal on March 25 caused temporary closure and severe traffic congestion, but users say no visible improvements have followed. With only two terminals functioning, vehicles including trucks and buses are facing long waits, increasing both costs and travel time.
Officials from the Bangladesh Inland Water Transport Corporation said repair work began on April 12 and promised that the closed terminal would reopen soon. Observers warn that without faster project implementation and better management, the route’s operational crisis could worsen.
Only two Daulatdia ferry terminals remain active as pontoon repairs stall operations
Global oil prices rose sharply on Monday amid uncertainty surrounding shipping through the Hormuz Strait and ongoing peace discussions. In early trading, Brent crude increased by 5.8 percent to reach 95.64 dollars per barrel, while West Texas Intermediate climbed 6.4 percent to 87.90 dollars per barrel.
Asian stock markets also reacted positively, with Hong Kong’s Hang Seng up 0.8 percent, Japan’s Nikkei rising 1 percent, and South Korea’s Kospi gaining 1.4 percent. However, financial caution emerged as Australia’s largest business lender, National Australia Bank, signaled a 500 million dollar impairment charge, citing concerns that the ongoing conflict could increase bad loans.
The developments reflect heightened market sensitivity to geopolitical risks affecting global trade routes and energy supplies, with financial institutions preparing for potential credit impacts.
Oil prices jump as Hormuz Strait and peace talks uncertainties unsettle global markets
Bangladesh has started drilling its first deep exploration well at the Titas gas field in Brahmanbaria’s Budhal area. The drilling was inaugurated by Petrobangla’s Director (Finance) Mizanur Rahman on Sunday. Officials expect the well to add about 15 million cubic feet of gas per day to the national grid upon completion. The Bangladesh Gas Fields Company Limited (BGFCL) currently supplies around 325 million cubic feet of gas daily from 22 existing wells at Titas, with production declining due to reduced pressure and reserves.
To address the decline, BGFCL launched a 3D seismic survey and initiated two deep exploration wells at Titas and Bakhrabad fields, with a total cost of Tk 594 crore. The new Titas-31 well will reach a depth of 5,600 meters and take about seven months to complete, with Chinese contractor CCDC handling the drilling. According to project officials, seismic data suggest reserves of 1–1.5 trillion cubic feet of gas.
If successful, the project could lead to seven additional wells and mark a milestone for Bangladesh’s energy sector, contributing to national energy security amid global supply uncertainties.
Bangladesh starts drilling first deep exploration well at Titas gas field
A severe fuel shortage has disrupted lighter vessel operations at Chattogram Port, leaving foreign mother vessels stranded at the outer anchorage. Normally, about 1,200 lighter vessels transport goods from these large ships to various destinations across Bangladesh, but the number has dropped by half due to the diesel crisis. Only a few vessels are operating short routes, while most remain idle, severely slowing cargo unloading and creating artificial shortages of essential goods. Importers are also paying daily demurrage charges of thousands of dollars for delayed unloading.
Port officials said that 100 mother vessels were in port waters last Saturday, nearly double the usual number, with 27 waiting for unloading. The shortage of lighter vessels has particularly affected coal shipments for power plants, leaving three coal-laden mother vessels idle. Bangladesh-China Power Company Limited reported that its 1,320 MW plant in Patuakhali needs 935,000 liters of diesel monthly to maintain operations and has urged authorities to ensure supply.
Industry representatives warned that without immediate crisis management and fuel allocation, the situation could damage Bangladesh’s trade reputation and further strain the national economy.
Fuel shortage stalls lighter vessels, creating major cargo congestion at Chattogram Port
Supporters of controversial businessman S Alam staged a large demonstration in front of Islami Bank’s head office in Motijheel, Dhaka, on Sunday morning, demanding that the bank’s ownership be returned to the fugitive businessman and that dismissed employees be reinstated. Participants, many from Patiya in Chattogram, included former staff of Islami Bank and five other Shariah-based banks once under S Alam’s control. Police were deployed to maintain order, and nearby roads were closed during the protest.
The demonstration followed a recent parliamentary amendment allowing former owners to regain control of banks previously taken over under an interim government ordinance. After S Alam’s followers left, depositors under the Islami Bank Customer Coordination Council held a counter rally at the same site, opposing any move to reinstate S Alam. They demanded his arrest and the recovery of allegedly embezzled funds, warning of resistance if he attempted to return.
Bank officials stated that reinstatement of dismissed employees depends on court rulings and Bangladesh Bank audits. They described the protest as an attempt to create unrest, noting that many participants were brought from outside Dhaka.
S Alam supporters rally in Dhaka demanding control of Islami Bank be restored
Bangladesh Petroleum Corporation (BPC) has decided to increase the supply of fuel across the country starting Monday, April 20, following a recent rise in fuel prices. According to a BPC notice issued on Sunday night, diesel and petrol supplies will rise by 10 percent, while octane supply will increase by 20 percent based on current monthly sales. BPC Director (Marketing) Md. Sabet Ali confirmed the decision, citing the current situation as the reason for the adjustment.
BPC data show that from April 1 to 18, a total of 307,188 tons of fuel were sold, including 208,822 tons of diesel, 2,379 tons of kerosene, 22,555 tons of petrol, 20,412 tons of octane, 30,965 tons of furnace oil, and 30,055 tons of jet fuel. On April 18 alone, 12,131 tons of diesel and smaller quantities of other fuels were sold. During the same period last year, total sales stood at 270,496 tons.
The supply increase follows the government’s April 18 decision to raise all fuel prices, with diesel now at 115 taka per liter and octane at 140 taka, after months of maintaining subsidies to control market volatility.
BPC raises fuel supply nationwide after April 18 price hike
Bangladesh Jamaat-e-Islami has expressed deep concern over the sudden increase in liquefied petroleum gas (LPG) prices announced by the Bangladesh Energy Regulatory Commission (BERC). In a statement issued to the media on Sunday, the party’s Secretary General, Mia Golam Porwar, said that on April 19, BERC raised the retail price of a 12-kg LPG cylinder by Tk 212 to Tk 1,940. He warned that such a sharp rise would impose a heavy burden on ordinary consumers.
The statement noted that earlier, on April 2, the price had already been raised by Tk 387 to Tk 1,728 for the current month. Jamaat argued that two consecutive price hikes within a short period would make daily life unbearable, especially as fuel prices have also risen significantly. The party described the decision as against public interest and called for its immediate withdrawal.
Porwar added that the increase would particularly affect lower- and middle-income families, for whom LPG is an essential household fuel, as it would raise cooking and overall living costs.
Jamaat-e-Islami protests BERC’s sudden LPG price hike, calling it against public interest
Shipping Minister Sheikh Robiul Alam stated that the government is reviewing a proposal from DP World to operate the New Mooring Container Terminal (NCT) at Chattogram Port. He emphasized that any decision will be made by safeguarding national interests and the welfare of port workers and employees. The minister made these remarks on Sunday after inspecting operational activities at the port.
Alam described the NCT as a fully functional and modern terminal with potential for further capacity expansion. He said the government is assessing whether to enhance the terminal’s capacity independently or through a foreign operator. Detailed analysis is underway to ensure that if foreign operators are involved, national interests remain protected.
He recalled that past attempts to appoint foreign operators at the terminal had sparked worker protests and even led to imprisonment of some employees. The minister assured that DP World’s proposal would be reviewed carefully, and if national interests outweigh other concerns, discussions will be held with workers to reach consensus. He also noted that allegations of past irregularities and corruption at the port will be investigated.
Bangladesh reviews DP World proposal for Chattogram port, pledging to protect national and worker interests
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