Bangladesh Bank Governor Ahsan H. Mansur announced that at least two large and strong Islamic banks are expected to emerge in the country in the future. Speaking on Saturday at the second day of the International Islamic Finance and Banking Conference at the University of Dhaka, he said these banks would ensure healthy competition and better returns for depositors. The conference was jointly organized by the Central Shariah Board for Islamic Banks of Bangladesh and the university’s finance department.

Mansur noted that although a significant portion of the banking sector operates under Shariah principles, investment opportunities for Islamic banks remain limited, creating liquidity management challenges. He emphasized the need to develop a Shariah-compliant bond or sukuk market to ease liquidity pressure and strengthen the sector. Currently, about one-fourth of the country’s total banking assets are under Islamic management, but the corresponding investment avenues have not developed proportionately.

The governor added that the government’s initiative to establish a sukuk market would reduce financing costs and help Islamic banks manage liquidity more effectively, leading to greater stability in the overall financial system.

Bangladesh’s Economic Adviser Dr. Salehuddin Ahmed stated that it is not possible to reduce bank interest rates at this time. He made the remarks on Saturday, January 10, at an event organized by Banking Almanac at the CIRDAP auditorium in Dhaka, where he attended as the chief guest. Ahmed emphasized that given the current realities, lowering loan interest rates is not feasible.

He noted that the banking sector has become relatively stable but cautioned that reducing interest rates remains difficult. The adviser also mentioned that controlling inflation cannot be achieved by the government alone without the cooperation of the business community and the broader society. He expressed hope that he would not fail in his role as economic adviser and that moving Bangladesh forward remains a major challenge.

The comments highlight the government’s cautious stance on monetary policy adjustments amid ongoing efforts to stabilize the financial sector and manage inflationary pressures.

The contractor responsible for building the Government Technical School and College in Saghatta, Gaibandha, has abandoned the project midway, leaving the construction incomplete after seven years. The project began on February 20, 2018, under the Gaibandha District Education Engineering Department, with a budget of Tk 15.47 crore. Dhaka-based firm Messrs Dhali Construction was tasked to complete the work by June 30, 2021, but only 67 percent has been finished. Locals reported that the contractor’s workers left the site three months ago, taking equipment with them.

Despite the institution starting academic activities two years ago, students and staff continue to face difficulties due to the lack of classrooms and administrative buildings. Principal Tarikul Islam said the incomplete construction is disrupting educational activities, and repeated appeals to the ministry have not resolved the issue.

Executive Engineer Ashish Kumar Roy of the Education Engineering Department confirmed that a new tender process has begun to appoint another contractor, and work will resume once the new work order is issued.

The United States has approved the 'Russian Sanctions Bill', which proposes tariffs of up to 500% on countries importing oil from Russia. Although the bill has not yet been voted on, it signals potential pressure on nations such as India and China to halt purchases of discounted Russian crude. The move comes amid an unfinished US-India trade agreement, with US Commerce Secretary Howard Lutnick suggesting delays were linked to a lack of direct communication between Prime Minister Narendra Modi and President Donald Trump.

India, a major buyer of Russian oil, has already reduced imports following earlier US tariff threats. Experts warn that if the bill passes, India could face severe export losses, with $87.4 billion in trade with the US at risk. Ajay Srivastava of the Global Trade Research Initiative said the bill’s passage is unlikely but urged India to clarify its oil policy. Former trade secretary Ajay Dua described the measure as weaponizing trade.

Analysts note the bill could primarily target India while sparing China, potentially straining India-US relations further. The US has also withdrawn from the India-led International Solar Alliance, adding to diplomatic friction.

Bangladesh’s National Security Adviser Dr. Khalilur Rahman met US Trade Representative Ambassador Jamison Greer in Washington, D.C. on Thursday afternoon, according to the Chief Adviser’s Press Wing on Friday. Dr. Rahman also held a separate meeting with US Deputy Trade Representative Brendan Lynch. During the talks, he highlighted progress in reducing the trade deficit between Bangladesh and the United States and proposed lowering the existing 20 percent reciprocal tariff.

Ambassador Greer assured that the proposal would be considered positively and agreed to review Dr. Rahman’s suggestion to reduce or remove tariffs on garments made with US raw materials. Both sides agreed to resolve outstanding issues quickly to finalize and implement the reciprocal tariff agreement. Dr. Rahman noted that increased trade would strengthen business connections between the two countries.

He also urged the US side to ease business travel for Bangladeshis following the country’s inclusion in the US visa bond program and requested access to Development Finance Corporation (DFC) funds for Bangladesh’s private sector. Ambassador Greer expressed willingness to cooperate on these matters.

The Pay Commission is set to hold its final meeting on January 21 to finalize recommendations for Bangladesh’s ninth national pay scale. The decision to hold the conclusive session was made during a full commission meeting on Thursday. A commission member, speaking anonymously, confirmed that all aspects of the pay scale will be finalized at that meeting, though another full session may occur beforehand due to limited time.

According to a reliable commission source, the new pay ratio between the lowest and highest grades has been fixed at 1:8. This means if the lowest grade salary is 1 taka, the highest will be 8 taka. Three proposals have been submitted for the minimum salary—Tk 21,000, Tk 17,000, and Tk 16,000—with one expected to be finalized. The highest salary scale remains undecided as allowances such as housing and medical benefits are still under review.

Once finalized, the ninth pay scale is expected to bring significant changes to the salary structure of government employees, according to the report.

The Credit and Development Forum (CDF), a national network of microcredit organizations, has issued a statement defending the proposed Microcredit Bank Ordinance 2025 amid recent media debates. CDF described the ordinance as a positive and exemplary step, rejecting claims that it promotes profit-oriented banking or undermines microcredit principles. The organization said the proposed bank would operate as a social business, with investors barred from taking dividends beyond their initial capital.

According to CDF, the ordinance aims to strengthen the microfinance structure by focusing on poverty reduction, employment generation, and support for small enterprises and cottage industries. The bank’s operations would include loans, insurance, remittance services, and access to domestic and foreign grants and credit. CDF clarified that NGOs would not be forced to convert into banks, and dual regulation would not occur because the Bangladesh Bank and Microcredit Regulatory Authority would oversee separate parts of operations.

CDF also highlighted that 60 percent of the bank’s shares would be owned by poor members, ensuring empowerment and equitable benefit distribution. The group argued that the model represents a unique, socially driven approach compared to profit-based microcredit banks in Asia and Africa.

A severe shortage of LPG cylinders has hit Nilphamari district and its upazilas, with allegations that certain dealers and distributors have created an artificial crisis by ignoring government-set prices. Despite the official price for a 12-kg cylinder being set at Tk 1,306 for January, consumers report paying between Tk 1,800 and Tk 2,100. Many households, hotels, and small businesses have been forced to halt cooking and operations due to the scarcity.

Retailers claim they are unable to obtain sufficient supply from dealers even when offering higher prices. Some dealers are reportedly selling limited quantities without receipts and at inflated rates. Consumers and traders allege that the crisis intensified after rumors of a price hike spread, leading to hoarding and speculative selling. A distributor representative, however, attributed the higher prices to transport costs and denied wrongdoing.

Experts and consumers have urged immediate administrative action against hoarding, overpricing, and unrecorded sales, warning that the artificial shortage could worsen if enforcement delays continue.

Bangladesh Bank Governor Dr. Ahsan H. Mansur stated that there is no possibility of announcing a new pay scale before the upcoming national election. Speaking at a stakeholder meeting in a local hotel in Barishal on Thursday afternoon, he said the current interim government will not make any final decision on the matter, which he described as reasonable.

Dr. Mansur explained that the interim government might prepare a framework, but its implementation will depend entirely on the next elected government. With the election only a month away, he noted that the government’s focus is now centered on election-related activities. He expressed confidence that the next government will be able to take a comprehensive decision after reviewing previous work.

During the same event, the governor discussed the benefits of digital transactions, suggesting that mandatory QR codes for new trade licenses could boost cashless payments. He also described the country’s import policy as complex and said inefficiency among officials often delays imports, leading to price increases in the market.

Titas Gas Transmission and Distribution Company on Friday reported that a distribution pipeline under the Turag River in Dhaka’s Aminbazar area was damaged after being struck by the anchor of a cargo trawler. The incident caused extremely low gas pressure across the capital, disrupting supply in multiple neighborhoods.

According to the company, although the damaged pipeline has been repaired, water entered the line during the repair process. Combined with an overall shortage in gas supply to the city, this led to widespread low pressure in various parts of Dhaka. Titas Gas stated that technical and operational measures are ongoing to restore normal supply levels.

The company expressed regret for the temporary inconvenience caused to customers and assured that efforts to resolve the issue are continuing.

Industrial Adviser Adilur Rahman Khan expressed optimism that the next elected government will take necessary initiatives to establish new industrial factories aimed at national industrial development and job creation. He made the remarks on Friday while visiting the Chhatak Cement Company Limited in Chhatak upazila of Sunamganj district.

During the visit, the adviser said that the company’s production activities would soon resume through conversion from the existing wet process to a dry process. The visit was attended by senior officials including Local Government Secretary Md. Rezaul Maksud Jahedi, Industries Secretary Md. Obaidur Rahman, BCIC Chairman Md. Fazlur Rahman, LGED Chief Engineer Kazi Golam Mostafa, and Chhatak Cement Company Managing Director Md. Abdur Rahman.

BCIC Chairman Md. Fazlur Rahman stated that production at the mill would start soon and that BCIC was actively working toward that goal.

Bangladesh’s foreign exchange reserves have declined following payment to the Asian Clearing Union (ACU). On Thursday, the central bank paid $1.53 billion from reserves to settle ACU bills for November and December, reducing the total reserves to $32.43 billion. Under the International Monetary Fund’s BPM-6 calculation method, reserves now stand at $27.84 billion. The information was confirmed by Arif Hossain Khan, executive director and spokesperson of Bangladesh Bank.

According to Bangladesh Bank data, total reserves were $33.78 billion on January 7, while the BPM-6 adjusted figure was $29.18 billion. The ACU is a regional settlement system among nine Asian central banks, including Bangladesh, India, Iran, Nepal, Pakistan, Sri Lanka, Myanmar, Bhutan, and the Maldives. Through this mechanism, import and export payments among member countries are settled every two months.

The latest payment marks a continued decline in reserves, reflecting the country’s periodic obligations under the ACU settlement system.

A severe shortage of liquefied petroleum gas (LPG) has hit Chattogram city over the past two weeks, leaving households and businesses struggling to find 12-kg cylinders. Despite the government-fixed price of Tk 1,253, consumers report being unable to purchase cylinders even at Tk 2,000. Visits to Bahaddarhat, Chawk Bazar, and New Market areas revealed that both retail and wholesale outlets are facing acute supply shortages, forcing many families to seek alternative fuels such as kerosene.

Traders attribute the crisis to a roughly 40 percent drop in LPG imports in December, reportedly caused by U.S. sanctions that disrupted shipping and by major importers temporarily halting operations. The LPG Operators Association of Bangladesh (LOAB) said companies like Bengal, Bashundhara, and United suspended imports, while banking complications prevented others from opening letters of credit. Some unscrupulous sellers are allegedly exploiting the situation by charging Tk 500–800 above the official price.

LOAB President Amirul Haque expressed optimism that government approval for new imports will normalize supply within 10–15 days. However, the Consumers Association of Bangladesh (CAB) accused importers and distributors of creating artificial shortages for profit, urging immediate government intervention.

Bangladesh and Germany have signed a grant agreement worth €21.77 million to support five projects proposed by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). The signing took place between Shahriar Kader Siddiky, Secretary of the Economic Relations Division (ERD) on behalf of Bangladesh, and Heinrich-Jürgen Schilling, Country Director of GIZ Dhaka Office, representing Germany, according to an ERD press release issued on Thursday.

The projects include Policy Advisory for Promoting Energy Efficiency and Renewable Energy (PAP 2), Strengthening Urban Integration Capacities of Internally Displaced Persons and Supporting Host Communities (INTEGRATE), Professional Education in Industrial and Environmental Safety (PRECISE), Green Room Air-Conditioning (GRSCE), and Digital Skills to Succeed in Asia (DS2S). These initiatives will be implemented by relevant ministries between 2023 and 2029, focusing on energy transition, climate resilience, vocational education, and digital skills development.

Germany has been a long-term development partner of Bangladesh since 1972, with total financial and technical commitments of about €4 billion. Currently, GIZ is supporting 18 ongoing projects in Bangladesh with a total grant assistance of €100.72 million.

Bangladesh Bank has purchased 206 million US dollars through multiple auctions from 15 commercial banks as part of its ongoing strategy to prevent the depreciation of the taka against the US dollar and to support the recovery of remittance and export sectors. The central bank confirmed that the purchase took place on Thursday, January 8, 2026, at an exchange rate of 122.30 taka per dollar.

According to official data, Bangladesh Bank has bought a total of 617 million US dollars in January 2026 alone. Since the beginning of the 2025–26 fiscal year, the cumulative purchase has reached 3,752.50 million US dollars. The move is part of the central bank’s broader effort to manage foreign exchange reserves and stabilize the domestic currency amid ongoing economic adjustments.

The continued dollar purchases indicate Bangladesh Bank’s active intervention in the currency market to maintain exchange rate stability and support key economic sectors linked to foreign currency inflows.