The government of Bangladesh has approved the purchase of four crore liters of edible oil and 22,500 tons of lentils for the Trading Corporation of Bangladesh (TCB) at a total cost of Tk 822.31 crore. The decision was made at a meeting of the Cabinet Committee on Government Purchase, chaired by Finance Minister Amir Khasru Mahmud Chowdhury on Wednesday. The products will be sold through TCB at affordable prices to low-income families.

According to the Finance Ministry, the committee approved 23 procurement proposals, including fertilizer imports, infrastructure development, fishery exploration, and youth employment programs. Under local tenders, Chattogram-based Payel Automatic Food Processing Mills will supply 10,000 tons of lentils at Tk 81.47 per kg, while Australia-based MCG International Pty Ltd will supply 12,500 tons at USD 559 per ton. Shabnam Vegetable Oil Industries Ltd will provide two crore liters of refined palm olein at Tk 183.95 per liter, and MCG International Pty Ltd will supply two crore liters of refined soybean oil at Tk 164.77 per liter.

The approved purchases aim to strengthen TCB’s capacity to stabilize essential commodity prices and support low-income consumers.

The World Bank’s Executive Board has approved $450 million in financing for Bangladesh to reinforce the foundation of its banking sector, aiming to revive economic growth and create jobs. The funding, under the “Financial Sector Support Project-2,” will enhance deposit protection for small savers, improve Bangladesh Bank’s supervisory capacity, and support restructuring of state-owned banks. The announcement was made through an official press release on June 24, 2026.

According to the World Bank, the project will increase the capital of the Deposit Protection Fund, establish an effective emergency liquidity support framework, and modernize Bangladesh Bank’s ICT infrastructure to address cybersecurity risks and data gaps. The initiative comes amid rising stress in the banking sector, where non-performing loans reached 32.6 percent by March 2026, far above the South Asian average of 7.9 percent, and the capital adequacy ratio stood at negative 2.6 percent by December 2025.

World Bank officials stated that the project, part of a coordinated effort with the IMF and Asian Development Bank, will help restore confidence, strengthen crisis preparedness, and enhance the resilience of Bangladesh’s financial system.

Mobile financial service provider Upay, operated by United Commercial Bank PLC, has signed a partnership agreement with Foodpanda Bangladesh, the country’s leading online food and product delivery platform. The signing ceremony took place recently at the Golden Tulip The Grandmark Hotel in Dhaka. The collaboration aims to ensure seamless, secure, and convenient digital cash collection services for Foodpanda’s delivery riders.

Under the agreement, Foodpanda riders will be able to use Upay’s digital payment platform to collect and manage payments more efficiently. The partnership is expected to make riders’ daily financial activities faster and hassle-free. Officials from both organizations stated that the initiative will introduce a rider-focused, user-friendly service structure that connects Foodpanda’s delivery ecosystem with Upay’s extensive agent network.

According to the companies, this collaboration will promote cashless transactions, enhance financial inclusion, and strengthen the foundation of Bangladesh’s digital economy by integrating Upay’s mobile financial infrastructure with Foodpanda’s wide customer and delivery network.

After nearly a month of suspension, the 275-megawatt third unit of the Barapukuria coal-fired power plant in Dinajpur resumed electricity generation on Tuesday night at around 9:30 p.m., supplying power to the national grid. Officials expect the restart to enhance overall electricity supply and stability across the country.

According to plant sources, the unit was restarted after completing necessary technical preparations and coordination. Initially, it is generating about 170 megawatts, with plans to gradually increase output beyond 200 megawatts. The plant’s first unit, with a capacity of 125 megawatts, is also operational, producing an average of 60 to 65 megawatts. With both units running, officials anticipate a significant rise in national grid supply.

The chief engineer of the power plant stated that the third unit’s operation has boosted total generation capacity, making coal-based power production more stable. The Barapukuria Coal Mine authorities have also taken steps to resolve storage issues and manage increased coal demand as nearby power units resume operations.

Bangladeshi model, actress, and lawyer Peya Jannatul shared an emotional post on June 23 marking the first death anniversary of her father. In her social media message, she reflected on the brevity of life and expressed sorrow over two additional deaths that deeply affected her on the same day.

Peya mourned the sudden passing of Priya, a young entrepreneur and founder of the fashion brand Pakhi, who died at the age of 32. She recalled their recent conversation about Priya’s dreams and vision for Bangladesh. Peya also expressed grief over the death of choreographer Zakir Hossain, who had worked with her on a film and passed away at 50.

In her post, Peya emphasized that death is everyone’s final destination and urged people to live with kindness and humanity. She concluded by asking for prayers for her late father’s peace and eternal reward.

Finance Minister Amir Khasru Mahmud Chowdhury informed Parliament that Bangladesh currently has 193.25 million bank accounts, including 177.95 million savings accounts and 1.53 million loan accounts, according to Bangladesh Bank data. He made the disclosure during a parliamentary question session chaired by Speaker Hafiz Uddin Ahmed. The minister said the government has adopted the National Financial Inclusion Strategy to ensure full adult financial inclusion by 2026, with the current inclusion rate at 64.5 percent.

Responding to separate questions, the minister said around 30 banks affected by loan defaults and illicit fund transfers abroad have engaged nine international legal firms under “no win, no fee” terms to recover funds. He also reported that as of March 2026, Bangladesh’s external debt stood at USD 78,233.448 million, while registered taxpayers increased by 11.86 percent to 13.83 million. Emergency liquidity support totaling Tk 75,903.11 crore has been provided to banks facing cash shortages.

Chowdhury added that five Islamic banks are under the 2025 Bank Resolution Scheme, with depositors being repaid up to Tk 200,000 under the 2026 Deposit Protection Act. Further actions may follow for other liquidity-stressed banks.

A record-breaking heatwave sweeping across Europe has caused a major power outage in northwestern France, leaving around 68,000 households without electricity. Authorities said it was the country’s first large-scale power disruption in recent times linked to the ongoing extreme heat. The incident occurred around 9 p.m. Tuesday near Ergué-Gabéric in the Brittany region’s Quimper area, when a transformer fault disrupted the power transmission system. No casualties were reported.

According to the Finistère department administration, the malfunction was related to unusually high temperatures. Power transmission and distribution companies RTE and Enedis worked overnight to restore supply, but full service was expected only by the end of Wednesday. At the peak of the outage, about 106,000 customers across France were without power as the country faced one of its hottest days of the year.

Finistère is among 58 French departments under a maximum “red alert” for extreme heat. Meteorological forecasts warned that temperatures could reach 39 to 41 degrees Celsius from Brittany to the Paris region, with experts linking the persistent heat to atmospheric conditions and global warming.

U.S. President Donald Trump has ordered an investigation into major oil companies for allegedly failing to reduce gasoline prices in line with falling crude oil costs. The directive came Wednesday amid criticism over the impact of the Middle East war on fuel prices. According to AFP, global energy prices surged after Iran blocked oil shipments through the Strait of Hormuz in response to U.S. and Israeli attacks in February.

Trump wrote on his Truth Social platform that large oil companies were not lowering pump prices even though they were paying much less for crude, accusing them of overcharging consumers. Gasoline prices remain a sensitive political issue in the United States, where most people rely on fossil-fuel vehicles for transportation. The controversy comes as congressional elections approach in November.

Economists have disputed Trump’s repeated prediction that fuel prices would drop “like a rock” after the conflict ended, saying it could take months for prices to return to prewar levels. Although a preliminary U.S.-Iran deal has reopened oil transit through Hormuz, pump prices remain higher than before the war.

Mercantile Bank Limited held its 27th Annual General Meeting (AGM) virtually from its head office on Wednesday. The meeting approved the balance sheet for the year ending December 31, 2025. Chairman Md. Anwarul Haque presided over the session, while Managing Director Matiul Hasan delivered the welcome address. Senior directors, independent directors, deputy managing directors, and shareholders joined the meeting online.

In his remarks, the chairman credited the bank’s 2025 achievements to customer trust, regulatory support, and collective efforts. He highlighted progress in technology adoption, improved risk management, and a significant reduction in non-performing loans. He also emphasized strengthening financial foundations and adopting forward-looking policies to safeguard shareholder interests.

Managing Director Matiul Hasan presented the bank’s 2025 performance and 2026 plans, reaffirming a commitment to reduce default loans and expand cashless banking. The bank reported an earnings per share (EPS) of Tk 1.10, a net asset value per share (NAVPS) of Tk 24.35, and a net operating cash flow per share (NOCFPS) of Tk 5.95 for 2025.

The Bangladesh High Commission in the Maldives has launched several initiatives to ensure an easier, safer, and more affordable remittance system for Bangladeshi migrant workers. On June 23, a key meeting was held at the Bank of Maldives headquarters between Bangladesh’s High Commissioner Dr. Md. Nazmul Islam and the bank’s CEO and Managing Director Mohamed Shareef. Both sides agreed to strengthen cooperation on migrant welfare, legal remittance flows, and broader economic collaboration between the two countries.

Discussions focused on developing a direct financial transaction channel between the Maldivian rufiyaa (MVR) and the Bangladeshi taka (BDT) to enable faster and cheaper money transfers. The meeting also explored expanding financial inclusion for Bangladeshi workers, enhancing bilateral banking ties, and establishing potential credit facilities. Both parties emphasized that a sustainable financial cooperation framework could boost trade, investment, infrastructure, and food security.

The Bank of Maldives CEO praised the contributions of Bangladeshi workers and expressed a positive stance toward providing effective and user-friendly financial services for them.

Residents along the Teesta and Dharla rivers in Lalmonirhat are struggling to survive on limited government and NGO relief as recurring floods and river erosion devastate their livelihoods. Many families, including those in the char areas, depend entirely on aid, yet say it is insufficient to sustain them. Locals repeatedly express a single demand: they want work opportunities rather than relief handouts.

The situation has worsened due to fluctuating water levels caused by heavy rainfall in India’s upstream regions and the opening of the Gajoldoba Barrage gates in West Bengal. This has led to flooding across several northern districts of Bangladesh, submerging roads, croplands, and putting flood control embankments at risk. The Water Development Board reports that Teesta’s water flow at Dalia Point rose above danger level on Tuesday but slightly receded the next day.

Officials say the situation is being closely monitored, with warnings issued to low-lying residents. Locals remain hopeful that the long-promised Teesta Master Plan will be implemented to create employment and resolve chronic water management problems.

Several recent earthquakes have been recorded in and around Dhaka, Bangladesh, with epicenters located unusually close to the capital. The latest tremor, on June 22, measured 4.4 on the Richter scale and originated about 16 kilometers east of Dhaka in Rupganj, Narayanganj. Earlier, a 3.2-magnitude quake struck Kaliakair in Gazipur on February 1, while a stronger 5.7-magnitude quake in November 2025 near Narsingdi caused casualties and injuries across multiple districts.

Experts from the Bangladesh Meteorological Department and universities note that these quakes may be linked to tectonic activity or reactivation of old faults. Bangladesh lies at the junction of the Eurasian, Indian, and Burmese plates, making it seismically active. Researchers highlight that while Dhaka itself has no major fault line, nearby regions such as Narsingdi and Mymensingh are crossed by active or “blind” faults that are difficult to detect.

Specialists caution that although recent quakes are moderate, the city remains vulnerable due to dense construction and variable soil conditions. They emphasize the need for structural assessments and public awareness to mitigate risks from potential future large earthquakes.

Bangladesh’s river-dependent economy and ecology continue to face challenges due to India’s upstream water management decisions. The country has 57 transboundary rivers, 54 shared with India, and disputes over water sharing have persisted since independence. The article highlights how India’s unilateral projects, including dams and barrages such as Farakka, have caused water scarcity and environmental degradation in Bangladesh. The 1996 Ganges Water Treaty between the two countries expires in December 2026, and uncertainty remains over whether it will be renewed or replaced. India’s proposal to base a new framework on water flow at the Farakka point is described as unfair to Bangladesh.

The Teesta River remains another unresolved issue, with India’s upstream control through the Gajoldoba Barrage reducing dry-season flow into Bangladesh. The 2011 Teesta agreement was never implemented due to opposition from West Bengal. Similarly, the 2019 memorandum allowing India to draw water from the Feni River for Tripura residents has sparked controversy, with allegations of excessive withdrawal affecting Bangladeshi farmers.

The article urges Bangladesh to adopt stronger water diplomacy and advocate internationally for equitable transboundary river management under global conventions such as the UN Watercourses Convention and the Helsinki Rules.

Sylhet-born Mohib Chowdhury has been elected unopposed as president of the British Bangladesh Chamber of Commerce and Industry (BBCCI), the largest organization of Bangladeshi entrepreneurs in the United Kingdom. The election results were announced on Tuesday at the BBCCI Conference Hall in London, where the election commission formally declared the new committee.

Mohib Chowdhury, originally from Kubajpur in Jagannathpur, Sunamganj, is the founding president of the London Bangla Press Club and a former editor of the weekly Naton Din newspaper. The newly elected executive committee includes Professor Dr. Sanawar Chowdhury as senior vice president, Abdul Wache Chowdhury as vice president, Musleh Ahmed as director general, Abdul Mumin as deputy director general, Abul Kalam Azad as finance director, and Mostafa Ahmed Lucky as membership director.

The new committee pledged to strengthen trade, investment, and economic cooperation between the United Kingdom and Bangladesh, continuing BBCCI’s longstanding role in promoting entrepreneurship and protecting the interests of Bangladeshi businesspeople.

In Sreemangal of Moulvibazar, pineapple farmers are facing financial losses despite a bumper harvest this season because of the absence of adequate cold storage and processing facilities. The district has seen record production of the Honey Queen variety, which is in high demand nationwide. However, without proper preservation systems, large quantities of pineapples are wasted each year, leaving growers anxious about market fluctuations and falling prices during peak production.

Local farmers and traders have expressed concern that the lack of storage forces them to sell quickly at lower prices. Daily pineapple trade in local markets is estimated at around half a crore taka. Business owners have long demanded the establishment of a modern cold storage facility in the region to protect their produce and stabilize prices.

According to the Department of Agricultural Extension, pineapples are cultivated on 1,223 hectares across several upazilas, producing about 22,774 metric tons valued at roughly Tk 68.32 crore. Officials noted that pineapple farming is emerging as a key economic sector for Moulvibazar but stressed that preservation and processing infrastructure are essential for sustainable growth.