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The Bangladesh Securities and Exchange Commission (BSEC) has issued the final gazette of the Public Offer of Securities Rules, 2025, allowing issuing companies to use up to 30 percent of funds raised through initial public offerings (IPOs) to repay bank loans. The decision, published on December 30, 2025, includes two conditions: the loan must be project or BMRE-related, and it cannot be a defaulted or rescheduled loan.

The previous draft of the regulation did not permit loan repayment from IPO proceeds, which had raised concerns among market participants about reduced corporate interest in stock market listings. Based on stakeholder feedback, BSEC reinstated the repayment option, similar to the one-third allowance under the 2015 rules. The new regulation also increases the quota for general investors and reintroduces the lottery system for IPO share allocation.

Additionally, the rules extend the IPO application submission period to 120 days and require stock exchange recommendations for IPO approvals. The number of qualified institutional investors for determining indicative prices in the book-building method has been reduced from 75 to 40.

05 Jan 26 1NOJOR.COM

BSEC permits up to 30% of IPO funds for loan repayment under new 2025 rules

Bangladesh Energy Regulatory Commission (BERC) Chairman Jalal Ahmed stated that consumers cannot be guaranteed to purchase liquefied petroleum gas (LPG) at government-fixed prices. He made the remarks on Sunday during a press conference announcing new LPG prices. Ahmed said a meeting was being held at the Secretariat to discuss complaints of distributors charging higher prices, with members of the LPG Association in attendance. BERC will also hold discussions with the association on the issue.

The chairman explained that the commission sets prices based on importers’ total costs, but cannot ensure that consumers will always get LPG at that exact rate. The LPG Association claims it supplies gas at the fixed price. BERC has also spoken with the Directorate of National Consumer Rights Protection to conduct drives against overpricing, and action will be taken if any company is found guilty of charging extra.

Ahmed added that shipping shortages from the Middle East and difficulties in opening letters of credit (LCs) are affecting imports. He urged companies to increase imports from Singapore and said the government’s higher authorities would intervene if LC complications persist.

04 Jan 26 1NOJOR.COM

BERC chief says LPG consumers not guaranteed government-fixed prices amid import and supply issues

Owners of lighter cargo vessels transporting goods through Bangladesh’s waterways have accused a syndicate linked to senior Awami League figures of monopolizing the sector and withholding large payments. Despite arrests of several members after August 5, 2024, others remain active. The owners claim they must pay the group to operate at Chittagong’s outer anchorage and across the country. They have issued a 10-point demand to the government, including enforcement of the 2024 transport policy, payment of overdue demurrage, and dissolution of the syndicate, warning of a nationwide vessel shutdown if ignored.

The dispute centers on control of the Bangladesh Water Transport Coordination Cell (BWTCC). Owners allege that Awami-linked businessman Haji Shafiq Ahmed unlawfully declared himself convener to misappropriate about Tk 500 crore owed to them. They also accuse agents of using vessels as floating warehouses to create artificial market shortages. Government officials acknowledge unresolved corruption and policy violations but deny aiding the syndicate.

The standoff has left many vessel owners in debt, with hundreds forced to scrap ships. The government faces pressure to enforce maritime policy and resolve payment disputes to restore order in the inland shipping sector.

04 Jan 26 1NOJOR.COM

Lighter vessel owners allege Awami-linked syndicate control and demand overdue payments

The National Board of Revenue (NBR) announced that it registered 131,000 previously unregistered businesses for Value Added Tax (VAT) during a special campaign conducted across Bangladesh in December. According to an NBR press release issued on Saturday, the campaign was carried out by 12 VAT commissionerates, which worked daily, including holidays, to identify and register new entities. Before the interim government took office, the number of VAT-registered businesses stood at 516,000, which has now risen to 775,000.

NBR’s public relations officer Md. Al Amin Sheikh said the campaign coincided with VAT Day on December 10 and VAT Week from December 10 to 15, followed by a special registration drive from December 10 to 31. He noted that VAT contributes the largest share of total revenue, accounting for 38 percent last year. To expand the VAT base, the government has amended the VAT law, lowering the annual turnover threshold for mandatory registration from 30 million to 5 million taka.

NBR has also introduced measures to simplify VAT registration and payment, including online submission of VAT returns and automated refunds directly to bank accounts.

04 Jan 26 1NOJOR.COM

NBR registers 131,000 new businesses under VAT through December campaign

Bangladesh’s Food Adviser Ali Imam Majumder said on Sunday that rice prices are not expected to increase this year, citing the country’s highest-ever food grain reserves. Speaking to reporters at the Secretariat, he explained that last year’s price hike was driven by government formation and natural disasters, but current stock levels are strong enough to stabilize the market.

According to Majumder, government warehouses currently hold 2,027,420 metric tons of food grains, with the capacity to increase reserves by another 2.4 million tons. He noted that this year’s stock is the highest in the past five years. The adviser emphasized that maintaining a smooth supply chain will be key to keeping rice prices steady.

Majumder also confirmed that rice imports from India remain normal and that no political issues are affecting the trade flow.

04 Jan 26 1NOJOR.COM

Bangladesh food adviser expects rice prices to remain stable due to record grain reserves

The Sheikh Hasina Weavers Village project, launched on November 1, 2018, across 120 acres in Shibchar of Madaripur and Zajira of Shariatpur, has reportedly collapsed amid allegations of large-scale corruption and mismanagement. Construction, which included land acquisition, soil filling, and boundary wall development, has been halted for about one and a half years following a change in government. The site, once intended for weaving factories, housing, and training centers, now lies abandoned and partially occupied by watermelon cultivation.

Local residents said the project stopped after August 5, 2024, leaving the area deserted. Farmers who had given up their farmland for the project expressed frustration over the uncertainty of its future, though they acknowledged receiving compensation. The project is now being renamed Haji Shariatullah Weavers Village, according to local officials, but no new work has started yet.

Officials stated they are still gathering details about the project’s current status, while locals urged the government to resume construction to bring promised development and employment to the region.

03 Jan 26 1NOJOR.COM

Weavers Village project in Madaripur stalls amid corruption claims and land left for watermelon farming

Retired Commodore Jasim Uddin Bhuiyan has cautioned that leasing Chattogram Port to foreign operators such as Maersk Group, RSJGT, or DP World could endanger Bangladesh’s sovereignty. Writing in the newspaper ‘Amar Desh’ on January 3, 2026, he argued that strategic ports are not mere infrastructures but vital instruments of national power. Drawing parallels with Ukraine’s Sevastopol Port, he warned that foreign control through long-term leases can lead to economic and political dependency.

The article highlights that over 92 percent of Bangladesh’s trade passes through Chattogram Port, making it the country’s economic lifeline. Bhuiyan criticized the move toward foreign concession models, calling it a potential 30-year trap that could turn the port into a foreign-managed gateway. He proposed an alternative “operator model” combining local and global operators to maintain national control while improving efficiency.

He urged transparency in all port agreements, rejection of non-disclosure clauses, and cancellation of any deals that compromise revenue or authority. The piece concludes that sovereignty cannot be leased and warns policymakers to learn from global maritime history before finalizing such arrangements.

03 Jan 26 1NOJOR.COM

Retired naval officer warns foreign lease of Chattogram Port could threaten Bangladesh’s sovereignty

Consumers across Bangladesh are facing an acute shortage of liquefied petroleum gas (LPG) as prices have soared far above official rates. Cylinders that cost Tk 1,253 only days earlier were sold on Friday for Tk 1,800 to Tk 2,500, yet many areas still reported no availability. Retailers said dealers were not supplying gas, while several Dhaka neighborhoods also reported severe pipeline gas shortages. The Consumers Association of Bangladesh (CAB) accused the Bangladesh Energy Regulatory Commission (BERC) of failing to monitor the market, allowing manipulation to flourish.

CAB’s vice president said suppliers and retailers were exploiting the situation while the government focused on elections. The LPG Distributors Association blamed most companies for halting supply, leaving only a few active and charging extra. BERC has written to the LPG Operators of Bangladesh (LOAB) demanding enforcement of the fixed December price of Tk 1,253 per 12-kg cylinder. LOAB officials cited a 40% drop in December imports due to global shipping disruptions and higher costs.

BERC is expected to announce new LPG prices on January 4, after reviewing import cost data submitted by companies.

03 Jan 26 1NOJOR.COM

Bangladesh faces severe LPG shortage and soaring prices amid weak market oversight

Bangladesh set a new record in 2025 by sending more than 750,000 workers to Saudi Arabia, the highest number ever deployed to a single country in one year, according to the Bureau of Manpower, Employment and Training (BMET). BMET Additional Director General Ashraf Hossain confirmed the figure, noting that over 1.1 million Bangladeshi workers went abroad in total during the year, with more than two-thirds choosing Saudi Arabia as their destination.

BMET data show a 16 percent increase in worker deployment to Saudi Arabia compared to 2024, when about 628,000 workers went there. Currently, around 3.5 million Bangladeshis live and work in Saudi Arabia, sending home over five billion dollars in remittances annually. Authorities said recent years have seen a focus on sending more skilled workers, strengthened by the launch of Saudi Arabia’s Skill Verification Program in Bangladesh in 2023.

A new employment agreement signed between Bangladesh and Saudi Arabia in October aims to enhance worker protection, wage systems, welfare, and healthcare. The deal is expected to create around 300,000 new job opportunities for Bangladeshi workers in 2026, particularly under Saudi Arabia’s Vision 2030 construction projects.

03 Jan 26 1NOJOR.COM

Bangladesh sends record 750,000 workers to Saudi Arabia in 2025, marking historic labor milestone

Bangladesh Bank has reported that the country's foreign currency reserves stand at 33.18 billion US dollars. The figure was released on Friday, February 2, based on the central bank’s latest data. The information provides an updated view of the nation’s reserve position at the beginning of 2026.

According to the International Monetary Fund’s Balance of Payments and International Investment Position Manual (BPM6) standard, Bangladesh’s reserves currently amount to 28.51 billion US dollars. The difference between the two figures reflects the variation in calculation methods used by the central bank and the IMF.

The report highlights the ongoing monitoring of Bangladesh’s reserve levels by both domestic and international institutions, underscoring the importance of transparency in financial reporting.

02 Jan 26 1NOJOR.COM

Bangladesh Bank reports reserves at 33.18 billion dollars, IMF measure shows 28.51 billion

The National Board of Revenue (NBR) has issued the Shipping Agent Licensing Regulations 2025, introducing several procedural relaxations. According to a notification released on December 30 and announced on Friday, applicants will no longer need prior approval from the NBR to determine the number of shipping agent licenses per customs station. This change is expected to allow licensing authorities to issue licenses more quickly.

Under the new regulations, applicants are no longer required to take written or oral examinations conducted by the Customs, Excise and VAT Training Academy. Licenses will now be granted within a maximum of 30 working days upon proper submission of required documents. Previously, licenses were valid only for the specific customs station that issued them.

The updated rules now allow license holders to operate their shipping agent businesses at any seaport or river port across Bangladesh, expanding operational flexibility and simplifying the licensing process nationwide.

02 Jan 26 1NOJOR.COM

NBR eases shipping agent licensing rules, removing prior approval and exam requirements

Biman Bangladesh Airlines has received official approval to operate direct flights between Dhaka and Karachi, marking the resumption of air connectivity between Bangladesh and Pakistan. According to Geo News, the authorization will remain valid until March 30, 2026, and may be reviewed later. The Civil Aviation Authority (CAA) of Pakistan stated that Biman must strictly follow the approved route and provide detailed flight information to Karachi airport authorities before departure, ensuring operational coordination and safety compliance.

The decision comes amid increasingly close relations between Pakistan and Bangladesh, which have paved the way for restoring direct air services. Currently, travelers between the two countries transit through Dubai or Doha. Bangladesh’s High Commissioner to Pakistan, Iqbal Hossain Khan, earlier confirmed that Biman is preparing to operate three weekly flights to Karachi.

Flights are expected to begin by the end of January, potentially strengthening bilateral connectivity and facilitating easier travel between the two nations.

02 Jan 26 1NOJOR.COM

Biman Bangladesh gains approval for direct Dhaka-Karachi flights until March 2026

The Pay Commission has indicated that it aims to submit its final recommendations for the ninth pay scale to the government by mid-January 2026. According to commission sources, a tentative obligation exists to complete the submission within that period, though the exact date will be confirmed after the next full commission meeting. The report could be submitted earlier if all preparations are completed on time.

Discussions within the commission remain ongoing regarding the number of salary grades and the minimum and maximum pay levels. Members are divided on whether to retain the existing 20-grade structure or reduce it to 16 or 14 grades to address pay disparities. At least two more full meetings are expected before a consensus is reached and the final report is prepared.

The commission is currently analyzing hundreds of proposals and opinions received from various organizations and departments. Officials said that the drafting process is underway, but additional time is needed to ensure the recommendations are realistic and sustainable.

02 Jan 26 1NOJOR.COM

Pay Commission plans to submit ninth pay scale report by mid-January 2026

On the first day of the new year, customers of five long-troubled Islamic banks in Bangladesh began withdrawing money following their merger into the newly established Sammilit Islami Bank. Under the Bangladesh Bank’s resolution scheme, withdrawals of up to two lakh taka from current and savings accounts were allowed starting Thursday. Branches reported smooth transactions without major crowds as customers accessed their funds after a prolonged suspension.

The merged institutions—Social Islami Bank, First Security Islami Bank, Union Bank, Global Islami Bank, and EXIM Bank—have transferred their assets, liabilities, and staff to Sammilit Islami Bank, headquartered at Sena Kalyan Bhaban in Dhaka’s Motijheel. The central bank’s scheme set the new bank’s authorized capital at Tk 40,000 crore and paid-up capital at Tk 35,000 crore, with the government contributing Tk 20,000 crore as Class A shares.

Depositors can withdraw up to Tk 2 lakh at once, and for larger deposits, Tk 1 lakh every three months for up to two years. Fixed depositors outside financial institutions may also access investment or loan facilities up to 20 percent of their balances.

02 Jan 26 1NOJOR.COM

Five Islamic banks merge into Sammilit Islami Bank; customers begin limited withdrawals

Bangladesh’s postal department-backed digital financial service provider Nagad recorded transactions worth approximately Tk 3.8 trillion in the recently concluded year, marking a 15 percent increase from the previous year’s Tk 3.3 trillion. The company disclosed the figures in a press release issued on Thursday, noting that December alone saw transactions totaling Tk 355.3 billion, the highest monthly volume to date.

According to Nagad’s administrator Md. Motasim Billah, the company consistently strives to offer value to its customers through various campaigns throughout the year, alongside maintaining the lowest cash-out charges in the market. The record transaction volume was primarily driven by cash-in, cash-out, money transfer, bill payments, mobile recharges, and remittance services.

The company’s continued growth underscores the expanding adoption of digital financial services in Bangladesh, with Nagad maintaining a strong position in the competitive mobile financial services sector.

02 Jan 26 1NOJOR.COM

Nagad posts 15% annual growth with record Tk 3.8 trillion transactions in 2025


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