Bangladesh Bank has announced that the country's total foreign currency reserves have increased to 34,376.53 million, or 34.37 billion US dollars, as of May 20, 2026. The information was confirmed by Arif Hossain Khan, Executive Director and Spokesperson of the central bank. According to the latest data, the gross reserve stood at 34,376.53 million dollars, while under the IMF’s BPM6 calculation method, the reserve amounted to 29,719.44 million dollars.

The previous day, on May 19, the gross reserve was recorded at 34,324.12 million dollars, and the BPM6-based reserve was 29,665.46 million dollars. The central bank clarified that the net reserve is calculated following the IMF’s BPM6 standard, which deducts short-term liabilities from the total reserve to determine the actual amount.

The increase in reserves reflects a modest day-to-day improvement in Bangladesh’s foreign currency position, as reported by the central bank’s official data.

The 275-megawatt Unit 3 of the Barapukuria coal-fired thermal power plant in Parbatipur, Dinajpur, resumed electricity production on Wednesday at 5:46 p.m. after remaining closed for nearly seven months. The unit, which had been shut down since October 2025 for general overhauling, began supplying power to the national grid. Chief Engineer Md. Abu Bakkar Siddique confirmed that the unit is currently generating 20 megawatts, with plans to gradually increase output.

The Barapukuria power plant has three units with a total capacity of 525 megawatts. Units 1 and 2 each have a capacity of 125 megawatts, while Unit 3 produces 275 megawatts. At present, Units 1 and 3 are operational, generating a combined 70 megawatts. The chief engineer expressed hope that total production could reach around 300 megawatts by tomorrow.

Unit 2 has remained nonfunctional since November 2020 due to mechanical failure. Officials have cited a lack of effective action by the plant authority, the Power Development Board, and the Ministry of Power, Energy and Mineral Resources as reasons for the prolonged shutdown.

A delegation from the Bangladesh Association of Banks (BAB) met with the finance minister to discuss the upcoming national budget and the stability of the country’s banking sector. The meeting focused on fiscal, regulatory, and structural reforms needed to strengthen the sector. BAB leaders highlighted key challenges including rising non-performing loans, capital adequacy pressures, weak private sector credit growth, governance failures, and declining public confidence due to economic uncertainty.

BAB reported that the overall capital adequacy ratio of the banking industry has dropped to around 3 percent, limiting banks’ ability to support growth, SME financing, job creation, and investment. The delegation called for strong recovery mechanisms, swift legal processes, and confiscation of illegally acquired assets to protect depositors’ interests. It also expressed concern over provisions in the proposed banking resolution framework that could allow former sponsors or major defaulters to re-enter the system.

The association proposed several measures including reducing corporate tax to 30 percent, full tax deductibility for loan loss provisions for five years, withdrawal of extra tax on stock dividends, faster approval of rights issues, and formation of a central asset management company. BAB reaffirmed its commitment to cooperate with the government to restore confidence and ensure long-term stability in the banking sector.

Bangladesh Bank and Prime Bank PLC have signed an agreement to participate in two key refinancing schemes aimed at ensuring easier and more affordable financing for cottage, micro, small, and medium enterprises (CMSMEs) across the country. The signing ceremony was held recently at Bangladesh Bank. Under the agreement, financing will be provided through the 'Cluster Financing Scheme' and the 'FSFDM-SME' scheme to strengthen the CMSME sector, enhance entrepreneurial capacity, create employment, and accelerate sustainable industrialization.

The FSFDM-SME scheme, operated under a revolving fund of Tk 1,500 crore from Bangladesh Bank’s own resources, will offer low-interest loans to support business expansion and modernization. Meanwhile, the Tk 3,000 crore Cluster Financing Scheme will assist geographically concentrated business groups by promoting shared resources, production efficiency, and market expansion. Senior officials from both institutions attended the signing event.

Both Bangladesh Bank and Prime Bank reaffirmed their commitment to implementing the schemes effectively in compliance with policy guidelines to generate a positive impact on the CMSME sector.

Bangladesh’s Fisheries and Livestock Minister Mohammad Aminur Rashid announced that the country aims to start exporting meat within the next three years. He said the meat will be produced from livestock fed with naturally grown, nutrient-rich grass without any genetic modification. The minister made the statement while addressing the “Australia-Bangladesh Research Showcase” seminar held in Dhaka, jointly organized by the Bangladesh Livestock Research Institute (BLRI) and Australia’s Charles Sturt University, with support from the Australian government.

The minister highlighted that safe and nutritional food has become a global priority and that genetically modified food has not yielded the desired benefits. He noted that researchers have developed a Napier grass variety containing 18 percent protein, which is drought-tolerant and cost-effective. This innovation is expected to reduce meat production costs and make meat more affordable for consumers.

Speakers at the seminar emphasized the importance of research, innovation, and international collaboration to build a sustainable and climate-resilient livestock sector. They also discussed strategies to reduce greenhouse gas emissions and promote environmentally friendly livestock management.

State Minister for Power, Energy and Mineral Resources Anindya Islam Amit announced that the government is working to reduce reliance on imported energy by achieving self-sufficiency in gas production. Speaking after inaugurating an appraisal-cum-development well at the Kamta gas field in Kaliganj, Gazipur, he said four new wells, including Kamta-2 and three in Titas, are being drilled. The government expects to supply 55 million cubic feet of gas to the national grid by June next year from these wells.

The minister said the additional gas will help restart factories that remain idle due to shortages, creating employment for thousands and easing pressure on foreign currency reserves caused by energy imports. He added that the government aims to ensure affordable and uninterrupted energy and electricity supply while gradually reducing import dependence. The administration, led by Tarique Rahman, seeks to demonstrate progress through short-, medium-, and long-term plans.

Amit also noted that infrastructure limitations restrict additional gas imports and that decisions on fuel price adjustments depend on global conditions. Industrial and power sectors remain the top priority for gas supply, followed by residential consumers.

Russia and China have reached a general agreement on the Power of Siberia 2 gas pipeline project, according to a close aide to Russian President Vladimir Putin. The project, once implemented, would enable Russia to supply up to 50 billion cubic meters of gas to China annually. Putin’s press secretary Dmitry Peskov told reporters that while some issues remain unresolved, a basic understanding has already been achieved. The information was reported by the state-run news agency RIA Novosti.

Peskov added that the agreement between China and Russia includes the pipeline’s route and construction methods. However, no further details or timeline for the project have been disclosed. The report did not mention any official signing or specific schedule for the next steps.

The development marks another step in energy cooperation between the two countries, though the absence of a detailed plan leaves the project’s immediate timeline uncertain.

The Bangladesh Securities and Exchange Commission (BSEC) has issued new guidelines for trading and Qualified Investor Offer (QIO) participation on the stock exchange’s SME platform. According to the directive signed by BSEC Chairman Khondkar Rashed Maksud on Tuesday, any institution or individual investor must have a minimum investment of Tk 3 million, based on either market or purchase value, to qualify for SME platform trading. Foreign investors with accounts under a registered securities custodian in Bangladesh will also be eligible to trade on the platform.

The directive further states that non-individual investors must meet the same Tk 3 million minimum investment requirement to apply for QIOs. For individual Bangladeshi investors, both resident and non-resident, the minimum investment threshold for QIO applications is set at Tk 1 million. Foreign investors can apply through accounts maintained with registered securities custodians in Bangladesh.

Central Depository Bangladesh Limited (CDBL) and depository participants will provide quarterly updates on eligible investors to the stock exchanges, which will maintain separate registers for QIO subscriptions and SME trading. Investors below the Tk 3 million threshold may sell but cannot purchase new SME shares.

Finance Minister Amir Khasru Mahmud Chowdhury has emphasized the need for complete transparency and accountability in Bangladesh’s financial sector to ensure economic stability and sustainable growth. Speaking on Wednesday at the FAR Summit held at the Pan Pacific Sonargaon Hotel in Dhaka, organized by the Financial Reporting Council (FRC) with ICAB and ICMAB, he said that trustworthy financial reporting is essential to regain investor confidence in the capital market.

He noted that the country’s economy had faced instability in recent years due to ineffective regulatory and supervisory bodies, which allowed weak companies to enter the stock market through false reporting. The minister called for institutional reforms and urged professional accountants to uphold integrity and adopt self-regulation. He also highlighted new global investment interest in Bangladesh, mentioning plans to launch dedicated funds in Hong Kong and London and introduce domestic bonds.

Chowdhury appealed to all stakeholders in the capital market, NBR, and financial sector reforms to work together in building a globally compliant financial ecosystem based on transparency and accountability.

Cattle markets across Bangladesh have become active ahead of the upcoming Eid-ul-Azha, though buyer turnout remains low. Bargaining between buyers and sellers is ongoing as customers seek affordable sacrificial animals. In Titas upazila of Cumilla, 12,165 animals have been prepared against a demand of 11,290, leaving an estimated surplus of 875. Farmers there are focusing on local breeds while also raising Sahiwal, Red Sindhi, and Friesian cattle for higher yields.

In Debiganj upazila of Panchagarh, 23,133 animals have been readied, exceeding the local demand of 17,220 by nearly 6,000. Local markets such as Bhaulaganj and Tepreeganj have started receiving animals, with expectations of supplying to nearby districts. The upazila administration has instructed banks to install counterfeit currency detectors and strengthened market security. In Lakhai upazila of Habiganj, 5,135 animals are prepared, surpassing demand, though rising feed prices are worrying farmers. The livestock office has launched a coordinated plan to ensure safe supply and animal health.

In Bera upazila of Pabna, despite large cattle inflows, sales remain slow due to fewer buyers. Traders attribute this to the growing trend of digital cattle trading in Dhaka, reducing in-person market competition.

The Department of Agricultural Extension (DEA) has withheld import permits for coconuts ahead of Eid al-Adha, citing that it is not the appropriate import season. Despite repeated meetings with the DEA’s Director General, small traders have not received approval for their import permit applications. As a result, truckloads of coconuts remain stranded at the Indian border near the Sonamasjid land port, increasing daily costs for importers.

DEA officials explained that import permissions are typically granted around Eid-ul-Fitr, winter, Nabanna, and major festivals when demand is higher. They argued that coconut demand is lower during Eid al-Adha, and unrestricted imports could harm local growers. However, traders warned that the decision could trigger an artificial shortage and push retail prices to Tk 100–150 per coconut. They also noted that the delay risks significant business losses and government revenue shortfalls.

According to DEA data, Bangladesh produces about 478,000 tons of coconuts annually, mainly in Bhola, Bagerhat, Noakhali, Barishal, and Jashore, but still imports 600–700 tons from India each year to stabilize the market.

The Bangladesh Energy Regulatory Commission (BERC) has begun a two-day public hearing on proposals from electricity generation and distribution companies to raise power tariffs. The hearing started on Wednesday at the Krishibid Institution auditorium in Dhaka, chaired by BERC Chairman Jalal Ahmed. Representatives from universities, consumer groups, business associations, and government agencies attended the session.

Consumers voiced strong opposition to the proposed price increase, demanding that the hearing be halted and the proposal withdrawn. They warned that higher electricity prices would severely burden citizens and create a dire situation in the country. Participants also called for an end to corruption and irregularities in the power sector.

According to BERC and distribution company sources, the proposals include raising wholesale prices by 17 to 21 percent and consumer-level prices by 14.21 to 17.76 percent. BERC is reviewing submissions from several major power entities, including PDB, PGCB, Palli Bidyut Board, DESCO, DPDC, WZPDCO, and NESCO.

Beijing has announced the purchase of 200 Boeing aircraft, confirmed by China’s Ministry of Commerce on Wednesday. The announcement coincided with a meeting between Chinese President Xi Jinping and Russian President Vladimir Putin. Under the agreement, the United States will ensure the supply of aircraft engines and components to China.

The ministry stated that both sides will work to extend the tariff truce agreed upon last October and explore ways to reduce tariffs on goods worth 30 billion dollars or more. Boeing described its recent visit to China as highly successful, noting that the reopening of the Chinese market for Boeing aircraft was a key achievement. The company said the 200-aircraft order represents an initial commitment, with expectations of further agreements.

Earlier, Chinese and US officials reached an understanding in Kuala Lumpur to extend the tariff truce until November of this year, including reduced US tariffs on Chinese goods and suspension of Chinese restrictions on rare earth exports.

Cattle farmers across Bangladesh are expressing concern over potential losses ahead of Eid-ul-Azha, as the cost of animal feed has risen sharply while buyer turnout remains low. Farmers in districts such as Joypurhat, Pabna, and Bogura report that despite completing preparations for sacrificial animals, high feed prices and limited demand are squeezing profits. Many medium-sized cattle are in higher demand than large ones, but overall sales remain slow. Some farmers also claim that cattle are entering from India, adding pressure to local markets.

In Joypurhat, once home to over 65,000 dairy farms, many have closed due to rising feed and labor costs. Local officials confirm that about 326,000 animals are ready for sacrifice, exceeding local demand by over 120,000. In Pabna’s Bera upazila, supply has doubled compared to demand, with more than 92,000 animals prepared. Farmers there fear that oversupply and high costs will reduce profits. Authorities report that border surveillance has been tightened to prevent illegal cattle entry and that local administrations are ensuring animal health and market security.

Officials note that national cattle production has increased significantly, reducing dependence on imports, though farmers warn that without government support, the dairy and livestock sector could face long-term risks.

More than 400 farming families affected in Gafargaon upazila of Mymensingh have received food assistance. The distribution took place on Tuesday at the premises of the Longair Union Parishad, where Member of Parliament Akhtaruzzaman Bachchu handed over the aid packages to the farmers.

The event was chaired by Gafargaon Upazila Nirbahi Officer N M Abdullah-Al-Mamun. Among those present were Upazila Project Implementation Officer Jahangir Alam, BNP leader Sheikh Md Ishaq, Abdul Hamid Sheikh, and Longair Union Parishad administrator Fazlul Haque, along with people from various professions.

The initiative aimed to support local farmers who had suffered losses, though the source did not specify the cause or extent of the damage.