In Chattogram, the price of open salt used for preserving raw hides has sharply increased ahead of Eid-ul-Azha, despite reports of sufficient stock. Traders said the price per 74-kg sack has risen from Tk 680–700 during the last Eid-ul-Fitr to Tk 930–950 now, an increase of Tk 200–250 per sack. They alleged that mill owners and business syndicates have artificially raised prices, creating difficulties for hide traders who rely heavily on salt for preservation.

According to the Bangladesh Small and Cottage Industries Corporation (BSCIC) Chattogram office, the district currently holds 8,670 tons of refined salt and 64,000 tons of crude salt, which is more than enough to meet the estimated 5,322-ton demand during the upcoming Eid. However, traders said the price hike is squeezing their profit margins, as tannery owners have not raised hide prices accordingly. Many wholesalers are reportedly winding up their businesses due to mounting losses and unpaid dues from Dhaka tanneries.

BSCIC officials said heavy rainfall has occasionally disrupted salt production, but there is no shortage in the market. The administration plans to monitor prices jointly with local authorities to prevent manipulation.

A recent nationwide survey has revealed that more than 90 percent of motorized vessels operating in Bangladesh are unregistered. Out of 244,660 motorized boats identified, only 22,298 are registered under the Department of Shipping. The findings, released on May 22, 2026, indicate that most vessels operate without approved designs, safety checks, or certified crews, posing serious safety and revenue concerns.

The survey, conducted by the Bangladesh Bureau of Statistics under the Department of Shipping’s project to build a vessel database, was carried out from May 4 to 17 across the country. It identified around 25 types of vessels, including cargo ships, passenger launches, speedboats, dredgers, and ferries. Experts warned that unapproved vessel construction and operation create significant safety risks and deprive the government of substantial revenue.

Officials noted that data collection is still ongoing in remote and hilly areas, suggesting the total number of vessels may increase slightly once the survey is complete.

The Indian rupee has depreciated significantly over the past year, losing about 10 percent of its value against the Bangladeshi taka and nearly 12 percent against the Pakistani rupee, according to a report by The Economic Times published on May 22, 2026. The rupee also hit a record low of 96.96 per US dollar last Wednesday. Analysts attribute the decline to global economic uncertainty, rising crude oil prices, and reduced foreign investment inflows.

Experts note that India’s heavy reliance on imported energy has made its currency vulnerable to oil price fluctuations. The ongoing stalemate in Iran–US peace talks and higher international bond yields have further driven investors away from emerging markets, putting additional pressure on the rupee. Economists warn that the depreciation could raise costs for overseas education, travel, imported goods, and international business transactions.

Analysts suggest that if import costs continue to outpace export earnings and foreign capital inflows, India’s current account deficit could deepen. The rupee’s short-term volatility is expected to persist as global geopolitical conditions, inflation, and investment trends evolve in the coming months.

A Chattogram financial loan court has issued a five-month civil imprisonment warrant against 11 individuals, including controversial industrialist Saiful Alam, also known as S Alam, for failing to repay a defaulted loan of about Tk 84.49 crore owed to Islami Bank. The order was delivered on Thursday by Judge Md Helal Uddin of Financial Loan Court-1, confirmed by the court’s bench assistant Md Ershad.

According to court sources, Islami Bank filed the case on January 20 of this year after the defendants failed to repay the loan. The bank later applied for a civil sentence under Section 34 of the Financial Loan Court Act, 2003, as no movable or immovable assets belonging to the defendants could be found and the loan remained unpaid. The court granted the application and issued the warrant.

The accused include S Alam, several family members, and associates linked to S Alam Group and Oji Travels Limited. Previous court orders had already frozen their bank accounts and seized properties amid multiple corruption and money laundering allegations during the former Awami League government.

Global gold prices declined as a stronger US dollar and rising Treasury yields weighed on the precious metal, while oil prices climbed due to stalled peace talks in the Middle East. As of 11:18 GMT on Thursday, spot gold dropped 0.6 percent to $4,517.94 per ounce, and US June gold futures fell 0.4 percent to $4,518.70. Analysts said inflation concerns and expectations of higher interest rates continued to weaken the gold market.

The ongoing Middle East tensions kept oil markets buoyant, with Brent crude rising nearly 3 percent to $107.4 per barrel. Iran stated it was reviewing Washington’s latest proposal, while US President Donald Trump said he could wait a few more days for Tehran’s response but left open the option of renewed strikes. Analysts noted that since the conflict began, gold prices have fallen more than 15 percent, while oil has gained amid energy-driven inflation fears.

Other precious metals also declined, with silver down 1.4 percent to $74.96 per ounce, platinum down 1 percent to $1,931.5, and palladium down 0.9 percent to $1,357.94.

The Bangladesh Securities and Exchange Commission (BSEC) has imposed financial penalties on the chairmen, directors, and senior officials of three publicly listed companies for breaching securities laws. The decision was made at a commission meeting held on May 19, 2026, chaired by BSEC Chairman Khondkar Rashed Maksud, and announced through a press release on May 21.

Khan Brothers PP Woven Bag Industries was fined for providing false information in its audited financial statements for the fiscal year ending June 30, 2023. Its chairman, managing director, and three directors were each fined Tk 2.5 million, while the chief financial officer and company secretary received smaller fines. Genex Infosys faced penalties for failing to distribute a declared 3 percent cash dividend for the fiscal year ending June 30, 2024, within the stipulated time. Aftab Automobiles was ordered to pay outstanding dividends within 30 days or face additional fines, including daily penalties for delays.

The BSEC’s actions underscore its ongoing enforcement of compliance standards among listed companies to protect investors and ensure transparency in Bangladesh’s capital market.

Sri Lanka’s tea industry is facing a severe crisis as the Iran war drives up fuel prices and reduces global demand for exports. Tea workers in the Hatton region, such as Jasintha Malar from the Dunkeld estate, told Reuters they are struggling to cope with rising living costs. With cooking gas prices soaring, many families have turned to firewood, while declining exports have left workers in deep uncertainty.

According to the Export Development Board (EDB), Sri Lanka’s tea export earnings fell by 17.3 percent in March compared to the same month last year, dropping to 114.75 million dollars. Demand from Iraq, the country’s largest buyer, declined by 38 percent, while shipments to the United Arab Emirates plunged by about 93 percent due to maritime and logistics disruptions.

Dilhan Fernando, chairman and CEO of Dilmah Ceylon Tea Company PLC, said the industry has been absorbing rising costs for some time, but fuel and logistics expenses are now driving inflation across trade routes from Colombo to Dubai and beyond.

Indian Prime Minister Narendra Modi met Italian Prime Minister Giorgia Meloni in Rome, where he humorously gifted her a packet of 'Melody' chocolate-caramel toffees made by Parle Products. Following Meloni’s sharing of the gift video on social media, the clip quickly went viral, sparking a wave of online memes combining their names as 'Melody'.

Within minutes of the video’s circulation, investors on Dalal Street began searching for 'Parle' on the Bombay Stock Exchange and rushed to buy its shares. However, they mistakenly purchased shares of Parle Industries, a company unrelated to Parle Products, which actually manufactures Melody toffees but is not publicly listed. Parle Industries operates in infrastructure, housing, paper, and recycling sectors.

Despite a broader market downturn due to global concerns over the Iran war, Parle Industries’ share price rose by 5 percent within an hour of the video’s release, climbing from 4.95 to 5.25 rupees. The company’s stock, which had fallen 68 percent over the past year, briefly rebounded thanks to the viral diplomatic moment.

An opinion piece published on May 21, 2026, in Bangladesh’s newspaper Amar Desh warns that the country’s sacrificial animal leather sector has long been dominated by a manipulative syndicate. The article states that this group artificially lowers prices, controls the market, and deprives grassroots collectors, pushing the industry toward severe crisis. Once sold for several thousand taka, hides are now often sold for only a few hundred, with many left unsold or discarded, causing major economic and social losses.

The report highlights that Qawmi madrasas and orphanages, which rely heavily on proceeds from collected hides, are among the worst affected. Many institutions have reduced or stopped collection due to persistent losses. The author argues that government-fixed prices have historically favored syndicates, leaving collectors unable to recover even preservation costs. As a result, intermediaries profit while religious and charitable organizations suffer.

The article urges the government to set realistic prices, dismantle syndicates, and provide direct support for madrasas and orphanages to sell hides fairly, calling for urgent and visible action to protect this vital national resource.

Bangladesh’s key Boro rice crop has suffered major losses due to sudden flash floods in the haor regions, submerging thousands of acres of farmland. Farmers report yields less than half of last year’s levels, with poor grain quality adding to their distress. The disaster has sparked concerns over food security and potential pressure on the rice market, as Boro typically supplies more than half of the nation’s rice demand.

Agriculture officials have disputed the scale of the damage, estimating losses at 10–12 percent of total demand, while field data suggest up to 30 percent losses in some areas. The government has set a procurement target of 1.9 million tons of food grains, including 500,000 tons of paddy directly from farmers, but collection remains behind schedule. Economists warn that the shortfall could force rice imports if domestic stocks fall short.

Experts note that climate change is increasing flood risks in haor areas, urging investment in flood-tolerant rice varieties, crop insurance, and faster harvesting systems to prevent recurring crises.

Bangladesh’s private sector investment and credit growth have sharply declined, leading to the slowest GDP expansion in five years. According to Bangladesh Bank data, private sector credit growth fell to 4.72 percent in March 2026, the lowest in the country’s history. Private investment dropped to 22.03 percent of GDP in the 2024–25 fiscal year, the weakest ratio in a decade. The Bangladesh Bureau of Statistics reported GDP growth at 3.49 percent, down from 4.22 percent the previous year.

The slowdown follows prolonged political unrest, factory shutdowns, and persistent energy shortages. A contractionary monetary policy has kept interest rates high, further discouraging borrowing. Despite a change in government after the 2024 uprising, economic conditions have not improved significantly. Bangladesh Bank officials described the credit contraction as disappointing but noted government efforts to reopen closed factories.

Economists warned that without a supportive investment environment, job creation and GDP growth will remain constrained. They identified high lending rates, energy crises, and global instability as key obstacles to recovery.

After two consecutive days of decline, international oil prices rose again as concerns over supply disruptions intensified due to uncertainty surrounding the conflict situation involving Iran, the United States, and Israel. The increase took effect from midnight Wednesday, with Brent crude climbing by 81 cents, or 0.77 percent, to reach 105.83 dollars per barrel. At the same time, U.S. West Texas Intermediate (WTI) crude rose by 97 cents, or 0.99 percent, to trade at 99.23 dollars per barrel.

The renewed upward movement in oil prices was driven by fears of reduced global reserves, as U.S. crude inventories declined and doubts persisted over a possible ceasefire involving Iran. These factors have placed supply concerns at the center of global energy market discussions.

Analysts cited in the report noted that the combination of geopolitical tension and falling stockpiles has reinforced volatility in the oil market, suggesting continued uncertainty in near-term pricing trends.

UAE-based company Dnata has expressed interest in managing ground handling operations at the third terminal of Hazrat Shahjalal International Airport in Dhaka. The matter was raised by UAE Ambassador to Bangladesh Abdullah Ali Abdullah Al Hamoudi during a courtesy meeting with Civil Aviation and Tourism Minister Afroza Khanom and State Minister M Rashiduzzaman Millat at the Secretariat on Thursday.

The meeting emphasized strengthening bilateral relations between Bangladesh and the United Arab Emirates, with detailed discussions on aviation and tourism sector development and mutual cooperation. Ambassador Al Hamoudi reiterated Dnata’s interest in the third terminal’s ground handling, while State Minister Millat stated that preparations for the terminal’s launch are ongoing and that the government will make necessary decisions once ORAT activities are fully underway.

Minister Afroza Khanom affirmed the government’s readiness to take all necessary steps to improve passenger services and upgrade airports to international standards. The UAE ambassador also expressed his country’s willingness to work closely with Bangladesh’s current government and expand cooperation in aviation and tourism.

The Indian rupee has depreciated by about 10 percent against the Bangladeshi taka over the past year, according to data cited on May 21, 2026. The currency also fell 11.86 percent against the Pakistani rupee during the same period, while its exchange rate against the US dollar dropped to 96.96. Analysts attribute the rupee’s broad decline to global economic uncertainty, high crude oil prices, and reduced foreign investment inflows.

Experts note that India’s heavy reliance on imported energy has made its currency vulnerable to rising oil prices, which increase import costs. The situation has been compounded by stalled US-Iran peace talks and higher international bond yields, prompting investors to withdraw funds from emerging markets like India. This has further tightened foreign exchange liquidity and pressured the rupee.

Economists warn that the rupee’s depreciation could raise living costs by making overseas education, travel, and imported goods more expensive. If import expenses continue to outpace export earnings and capital inflows, India’s current account deficit may deepen. Analysts expect short-term volatility to persist if oil prices remain high and global investors continue seeking safer assets.

Bangladesh’s Minister for Road Transport and Bridges, Railways, and Shipping, Sheikh Robiul Alam MP, held a meeting with a delegation from the Japan International Cooperation Agency (JICA) to enhance cooperation in infrastructure development and modernization of the communication system. The meeting took place on Thursday at the minister’s office in the Bangladesh Secretariat, with State Minister Habibur Rashid MP and JICA Bangladesh Chief Representative Takahashi Junko in attendance.

Discussions focused on ongoing development activities in Bangladesh’s road, bridge, railway, and water transport sectors, emphasizing sustainable infrastructure construction, use of modern technology, and future collaboration. Minister Sheikh Robiul Alam highlighted the government’s commitment to making the transport sector more modern, safe, and internationally competitive, acknowledging JICA’s long-standing support in achieving these goals.

The JICA delegation expressed interest in continuing its partnership in Bangladesh’s infrastructure development and assured stronger cooperation in future development projects.