Fisheries and Livestock Minister Mohammad Amin Ur Rashid announced that Bangladesh has sufficient livestock for the upcoming Eid-ul-Azha, eliminating the need for imports. Speaking at a press conference at the ministry in Dhaka on Sunday, he said more than 12.4 million cattle, buffaloes, goats, and sheep are ready across the country. The minister assured that animal prices will remain at a reasonable level.

He stated that, as in previous years, no cattle imports will be allowed, and leases for border markets have been suspended in advance. Across the country, over 3,600 cattle markets will operate, including 27 in Dhaka—16 under the North City Corporation and 11 under the South. Markets will be set up only in designated areas to avoid traffic disruption. No import permits will be issued for fattening injections, and online cattle sales will remain free of fees.

Veterinary teams will be deployed at every market under the Department of Livestock Services, and law enforcement agencies have been instructed to prevent extortion during cattle transport by road and river.

The Bangladesh Energy Regulatory Commission (BERC) announced on Sunday that the retail price of liquefied petroleum gas (LPG) will remain unchanged for May. According to the commission, the price of a 12-kilogram LPG cylinder will stay at 1,940 taka. The decision took effect from 6 p.m. on the same day. BERC stated this in an official notice issued on May 3, 2026.

The commission had adjusted LPG prices twice in April. On April 2, the price of a 12-kilogram cylinder was increased by 387 taka to 1,728 taka, and again on April 19, it was raised by 212 taka to reach the current 1,940 taka. Meanwhile, BERC slightly increased the price of autogas by 0.02 taka per liter, setting it at 89.52 taka per liter including VAT for May.

Autogas prices were also revised twice in April, first on April 2 and then on April 19, when the rate rose to 89.50 taka per liter. The latest adjustment marks a minimal increase for May, reflecting a stabilization in LPG pricing after consecutive hikes last month.

Speakers at a national convention in Dhaka on May 3, 2026, called for renewed strategies to address Bangladesh’s growing educated unemployment. The session, held at the Diploma Engineers Institute and organized by the National Citizen Party’s Reform Implementation Committee, focused on economic restructuring, governance, and employment. Participants emphasized automating revenue collection, curbing corruption in large projects, and diversifying energy sources to revive economic momentum.

Speakers including Dr. M. Masrur Riaz of Policy Exchange Bangladesh, BDJobs CEO Fahim Mashroor, and former DCCI president Shams Mahmud discussed structural weaknesses in the economy. They highlighted issues such as weak financial governance, high youth unemployment among university graduates, and the lack of investment due to energy shortages and high interest rates. Calls were made for entrepreneurship development and overseas employment opportunities for graduates.

Panelists also criticized long-standing corruption, poor banking discipline, and overreliance on foreign loans. They urged reforms in tax automation, banking governance, and energy diversification to restore economic stability and create sustainable employment opportunities.

Titas Gas authorities have announced a temporary suspension of gas supply in several areas of Dhaka, including Gulshan, Banani, Baridhara and nearby localities. The company issued a statement on Sunday, May 3, expressing regret for the disruption and explaining the cause of the outage.

According to the statement, a pipeline of Titas Gas was damaged during work by Dhaka Wasa on the Gulshan-Badda Link Road. To prevent possible damage to life and property, the gas valves were closed and repair work on the leakage is underway. As a result, gas supply in the affected areas remains suspended.

The company has not specified when the repair work will be completed or when gas supply will resume in the affected neighborhoods.

Bangladesh’s Fisheries and Livestock Minister Mohammad Aminur Rashid announced that 12,333,840 animals are available for sacrifice ahead of the upcoming Eid-ul-Azha. The figure includes 5,695,878 cows and buffaloes, 6,632,307 goats and sheep, and 5,655 other species such as camels and dumba. The announcement was made at a press conference held on Sunday at the Secretariat, attended by State Minister for Fisheries and Livestock Sultan Salauddin Tuku.

According to the minister, the national demand for sacrificial animals this year is estimated at 10,106,334, leaving a surplus of 2,227,506 animals. Last year, the total availability was 12,447,337 animals, with 9,136,734 slaughtered, resulting in a surplus of 3,310,000. The minister said the data shows Bangladesh has no shortage of sacrificial animals and can meet national demand without imports.

He added that consistent government policy support and the growth of the livestock sector have made the country self-sufficient, benefiting local farmers through fair prices and contributing to economic strength.

Seven member countries of the OPEC Plus alliance are meeting today to determine new oil production quotas. This is the first meeting since the United Arab Emirates (UAE) officially withdrew from both OPEC and the broader OPEC Plus group last Friday. The meeting follows the UAE’s decision, announced on April 28, to leave the alliance due to dissatisfaction with production limits.

The UAE, one of the world’s major oil producers, had long expressed discontent over the quotas set by the alliance. Analysts cited this ongoing disagreement as the main reason behind its departure. The current meeting is expected to address production adjustments among the remaining members.

According to reports, the seven participating countries may decide to increase daily oil output by about 188,000 barrels. Such a move could influence global oil supply and prices, depending on how markets respond to the new quotas.

Heavy and prolonged rainfall across Bangladesh has submerged vast areas of ripe Boro paddy fields, leaving farmers in distress over crop losses and loan repayments. In several districts including Sunamganj, Habiganj, Netrakona, Mymensingh, Jamalpur, and others, floodwaters have inundated low-lying lands and haor regions, damaging both ripe and half-ripe crops. Many farmers, who cultivated Boro paddy with borrowed money, are now forced to harvest immature crops to minimize losses. District administrations have formed emergency monitoring cells to address the disaster, while local agricultural offices are preparing lists of affected farmers.

In Sunamganj alone, about 20,000 hectares of farmland have been damaged, with 2,000 hectares completely destroyed, affecting over 20,000 farmers. Similar devastation has been reported from Habiganj, Naogaon, Mymensingh, and Jamalpur, where continuous rain and flash floods have caused widespread crop submersion. Farmers are struggling to dry harvested paddy due to lack of sunlight, and many have lost hope as floodwaters continue to rise.

Officials have begun assessing the extent of damage, but persistent rain and waterlogging continue to threaten remaining crops and delay recovery efforts.

The Tk 232 crore Muhuri Irrigation Project, completed in June 2024 across Feni and Chattogram’s Mirsarai areas, has failed to deliver expected benefits to local farmers. The project, approved in 2014 under the government’s Irrigation Management Improvement Project with Asian Development Bank support, aimed to irrigate 18,000 hectares through 850 underground pipeline schemes. However, only 338 schemes are operational, and just 3,000 hectares have received irrigation so far.

Flooding in 2024 severely damaged pumps, pipelines, prepaid meters, and electrical systems, halting irrigation despite formal handover to farmers. The project also faced disruptions from local extortion groups, theft of equipment, and corruption allegations, including claims of inflated costs and substandard materials. Farmers’ declining interest in irrigation-based crops and theft of electrical components have further hindered operations.

Project Director Md. Rafius Sajjad stated that a group has been deliberately obstructing the project, while flood damage and transformer theft have worsened the situation. Authorities continue to face challenges in restoring full functionality and ensuring the intended agricultural benefits.

A global energy crisis triggered by the Middle East conflict has severely disrupted Bangladesh’s industrial sector, with gas, electricity, and fuel shortages putting immense pressure on production. Export earnings have fallen for eight consecutive months, marking an unprecedented decline in the country’s history. In March 2026, export income dropped by over 18 percent year-on-year to 3.48 billion dollars, compared to 4.25 billion dollars in March 2025.

Business leaders and economists attribute the downturn to reduced production capacity, rising costs, and shipment delays that have eroded foreign buyers’ confidence. The ready-made garment sector, which accounts for over 80 percent of export earnings, saw a 5.51 percent decline in the first nine months of the fiscal year. Vietnam has overtaken Bangladesh as the world’s second-largest apparel exporter, earning 82 million dollars more in 2025.

Industry associations report that many factories in Gazipur, Savar, Ashulia, and Narayanganj have lost up to 30 percent of production capacity due to power and fuel shortages. Economists warn that unless the energy crisis eases soon, Bangladesh’s export-dependent economy could face deeper challenges.

U.S. low-cost carrier Spirit Airlines announced an immediate shutdown of its global operations on Saturday after last-minute talks with lenders and the White House collapsed. The airline canceled all flights and suspended customer service, citing a severe financial crisis driven by rising fuel costs and other business pressures. American Airlines, Delta, United, and JetBlue quickly launched rescue efforts, offering discounted fares and additional flights to accommodate stranded passengers. Some airlines also began assisting and recruiting Spirit’s employees.

Spirit, which had about 7,500 employees by the end of last year, had faced multiple bankruptcy proceedings since 2024. The company promised refunds to affected passengers. U.S. Transportation Secretary Sean Duffy said President Donald Trump made every effort to keep the airline afloat but noted that the outcome depended on lenders’ decisions. Labor unions criticized the shutdown, warning that the burden would fall on pilots, cabin crew, and mechanics.

Analysts said the airline’s collapse could reshape the U.S. low-cost travel market, as rising jet fuel prices following Middle East tensions delivered the final blow to an already weakened carrier.

After a 14-year hiatus, Iraq has resumed crude oil exports through Syria via the Al-Yarubiyah border crossing. A convoy of 70 oil tankers entered Syrian territory en route to the Baniyas refinery on the Mediterranean coast, according to Syria’s state news agency SANA. Syrian border official Feras Rustam described the reopening as a strategic step to strengthen economic ties between Iraq and Syria.

Rustam added that the decision is expected to make trade and energy supply more efficient and foster long-term partnership between the two nations. The move comes as the Strait of Hormuz remains closed due to the ongoing Israel-United States conflict with Iran, prompting Iraq to seek alternative export routes.

The Al-Yarubiyah crossing, known as Rabia on the Iraqi side, was closed in 2011 following the outbreak of the Syrian civil war and later seized by ISIS in 2014. It was reopened after Kurdish forces regained control of the area, restoring a key link between the two countries.

Bangladesh’s economy is increasingly pressured by global energy market volatility and internal structural weaknesses, according to experts speaking at a webinar titled “Economy Trapped in Energy Crisis,” organized by the Power and Participation Research Centre (PPRC) on Saturday. Participants said rising fuel prices, a prolonged dollar shortage, and import dependence are affecting production, agriculture, transport, and daily life. They questioned whether the situation is a temporary shock or a sign of a deeper energy trap.

Speakers including former energy secretary A.K.M. Zafar Ullah Khan, former Bangladesh Agricultural University vice-chancellor Sattar Mandal, and industry leaders discussed the severity of the crisis and possible solutions. They noted that supply constraints, panic buying, and limited storage capacity have worsened the situation. Khan emphasized the need for uninterrupted supply despite price fluctuations, while Mandal highlighted growing diesel demand in agriculture. Trade Services International chairman Syed Mahmudul Haque warned of rising national financial pressure from global oil price hikes.

Participants suggested expanding renewable energy use and accelerating gas exploration. PPRC executive chairman Hossain Zillur Rahman cautioned that bureaucratic delays could hinder timely policy action.

More than three million people in the United States have lost access to food assistance following the enforcement of stricter federal rules. According to The Wall Street Journal, citing federal data, participation in the Supplemental Nutrition Assistance Program (SNAP) has dropped by about 3.5 million since the new conditions took effect in July last year.

The revised policy requires able-bodied adults aged 18 to 64 without children under 14 to work, volunteer, or attend approved training for at least 80 hours per month to remain eligible. Previously, the work requirement applied only up to age 54, and adults with children under 18 were exempt. The new rules also exclude some legally residing non-citizens who were previously eligible, in addition to undocumented immigrants who were already barred.

The U.S. Department of Agriculture reported that an average of 42.1 million people received SNAP benefits last fiscal year, costing about $101.7 billion. Since the implementation of President Donald Trump’s tax and spending law in July, participation has steadily declined, reaching 38.5 million by January, an 8 percent drop in six months.

Kuwait exported no crude oil in April 2026, marking the first such occurrence in more than 30 years, according to a report by TankerTrackers.com cited by Al Jazeera. The last time Kuwait experienced zero crude exports was in 1991 during the aftermath of the Gulf War.

Despite the halt in crude exports, Kuwait continues oil production. Part of the produced oil is being stored, while the rest is refined into various petroleum products for export. The report attributes the suspension of crude exports to a blockade in the Strait of Hormuz, one of the world’s most critical oil transport routes.

Analysts warn that if the blockade persists, it could have significant repercussions for the global energy market, given Kuwait’s role as a major oil producer in the Gulf region.

Saudi Arabia is confronting a severe challenge following the United Arab Emirates’ sudden withdrawal from OPEC, as the ongoing Iran war disrupts crude exports across the Persian Gulf. The conflict has prevented Saudi Arabia and other OPEC members from using their spare production capacity, worsening the supply crisis. Crown Prince and Energy Minister Abdulaziz bin Salman now faces pressure to stabilize the market while managing internal divisions within the oil alliance.

The UAE, previously OPEC’s fourth-largest producer and second in spare capacity after Saudi Arabia, had long expressed dissatisfaction with its production quota. Analysts note that the country’s departure exposes deeper rifts within OPEC, especially as Saudi Arabia’s decision-making has shifted from consensus-driven diplomacy to more unilateral actions. The geopolitical rivalry between Riyadh and Abu Dhabi, intensified by conflicts in Yemen, has further strained cooperation.

Experts suggest that despite the current turmoil, the crisis could eventually strengthen OPEC’s unity and streamline its decision-making process once regional oil flows normalize.