A new joint survey by RTL Info, Ipsos, and Le Soir reveals that 67% of Belgians oppose the European Union’s proposal to use frozen Russian assets to finance loans for Ukraine. The poll, released Monday, shows strong public backing for Prime Minister Bart De Wever’s stance that Belgium should not consent to releasing the seized funds.

Analysts attribute this opposition to concerns over potential financial and institutional risks for Belgium, as a significant portion of the frozen assets are held in Brussels-based Euroclear, a key financial clearinghouse. Only 22% of respondents supported the EU plan, while 11% expressed no opinion. Russia’s central bank has denounced the proposal as illegal and vowed to defend its interests through all available means.

The EU recently decided to keep Russian assets frozen indefinitely. Leaders are expected to debate the allocation of these funds to Ukraine during a two-day Brussels summit starting Thursday, amid growing legal and political divisions among member states.

India’s Ministry of External Affairs has revealed that nearly 900,000 Indian citizens have renounced their citizenship over the past five years. Minister of State Kirti Vardhan Singh presented the data in a written reply to the Rajya Sabha on December 14, noting that the government maintains detailed annual records of such cases. The figures indicate that citizenship renunciations have risen steadily since the pandemic slowdown.

According to the ministry’s data, more than 2 million Indians have given up their citizenship in the past 14 years, with a notable surge in recent years. The trend reflects a growing inclination among Indians to acquire foreign citizenship, often for better economic or educational opportunities abroad. In 2020, the number dropped to 85,256 due to COVID-19 restrictions, but rebounded sharply in subsequent years, reaching over 200,000 annually.

Analysts suggest that the continued rise may reflect both global mobility trends and domestic economic factors. The government has not indicated any policy changes in response, but the data may prompt renewed debate on migration and talent retention.

Bangladesh Bank’s latest report reveals a deepening crisis in the country’s banking sector, with 17 out of 61 banks now holding between 50% and 99% of their total loans as non-performing. As of September, the overall default loan ratio across the sector surged to 36%, up from 17% a year earlier, with total defaults reaching Tk 6.44 trillion. State-owned banks such as Janata, Rupali, and BASIC show default ratios above 50%, while several private banks—including Union, First Security Islami, and Global Islami—exceed 90%.

Banking officials attribute the surge to years of politically influenced lending and loan concealment under the previous government. Following a change in administration, previously hidden bad loans were reclassified, exposing the true scale of the problem. Analysts warn that the rapid deterioration threatens liquidity, investor confidence, and overall economic stability.

The government has begun merging several distressed banks to protect depositors and prevent systemic collapse. Economists urge urgent structural reforms, stronger regulatory oversight, and accountability measures to restore trust in Bangladesh’s financial system.

Bangladesh’s economy, under pressure from declining exports, weak private investment, and rising non-performing loans, is being sustained largely by record remittance inflows. According to Bangladesh Bank, expatriates sent $29.59 billion up to November 2024, an 18% increase from the previous year. Following the July 2024 political transition, remittance inflows surged by over 46%, helping foreign exchange reserves rise from $22 billion to nearly $32 billion.

Economists such as Dr. Zahid Hossain and Dr. Helal Uddin Ahmed note that remittances have stabilized the exchange rate and improved the balance of payments, offsetting weaknesses in exports and investment. Analysts attribute the surge to reduced money laundering, tighter monitoring, and a narrower gap between formal and informal dollar markets. Policy Exchange Bangladesh Chairman Masrur Riaz described the remittance boom as a “lifeline” for the economy.

Despite the relief, experts warn that gas shortages, export contraction, and slow investment continue to threaten recovery. They urge diversification of labor markets and skill development to sustain remittance growth and macroeconomic stability.

Australia’s government has approved South Korea’s Hanwha Group to raise its stake in local shipbuilder Austal to 19.9%, while imposing strict conditions to limit foreign influence over the country’s key defense assets. The decision follows multiple failed takeover attempts by Hanwha, which already owns 9.9% of Austal. Finance Minister Jim Chalmers said the move aligns with national security interests and ensures Hanwha remains a minority shareholder.

The approval has sparked debate within Australia’s defense community, with analysts warning that Hanwha’s growing presence could affect Austal’s operations and its U.S. business segment, which generates most of its revenue. Austal plays a central role in Australia’s naval modernization and holds major contracts with Japan’s Mitsubishi Heavy Industries, a direct competitor of Hanwha.

Experts say Canberra’s decision signals a cautious openness to foreign investment but underscores the government’s intent to retain domestic control over strategic defense assets. Austal’s management has pledged to evaluate any future proposals carefully, balancing shareholder interests with national security priorities.

Despite the government’s decision to allow onion imports from India to curb soaring prices, retail rates in Bangladesh have remained stubbornly high. Over the past week, imported onions have entered the country through several land ports, yet both local and imported varieties continue to sell at Tk 120–150 per kilogram in Dhaka’s retail markets.

According to the Department of Agricultural Extension, import permits (IPs) have been issued for 7,500 tons, though only about 3,000 tons have arrived so far. Officials attribute the delay to transport time from India’s Maharashtra region. Wholesalers report buying imported onions at Tk 95–98 per kg and selling to retailers at Tk 100–110, who then add further margins. Consumers express frustration that prices have not fallen despite imports, while traders cite limited supply and quality concerns.

Market analysts suggest that sustained import flows could ease prices by the end of the week. However, they warn that weak monitoring and profit-seeking by importers may continue to delay relief for consumers.

Bangladesh’s tea sector, long affected by sluggish sales and low profitability, has seen a dramatic turnaround in recent weeks as national election activities drive record demand. In the latest three auctions, nearly 90% of tea offered was sold at the highest prices in years, with average rates reaching BDT 265.06 per kilogram—up from BDT 218.15 in the same period last year. Major buyers, including Abul Khair, Ispahani, and Meghna, have been aggressively purchasing and stockpiling tea ahead of the upcoming parliamentary polls.

Industry insiders attribute the surge to a mix of election-related consumption, reduced production, and government adjustments to minimum auction prices. Tea production this year is estimated to be at least 10% lower than in 2023, when the country recorded its highest-ever output. Stakeholders say the short-term boom may help offset earlier losses but stress the need for long-term policy support to stabilize costs and sustain profitability.

Economists note that election seasons traditionally stimulate rural and urban economies, with tea being a symbolic and practical staple of campaign activities. The trend is expected to continue through the winter months as political competition intensifies.

Agricultural economists and policy experts in Bangladesh have called for the establishment of an Agricultural Price Commission to stabilize crop prices and safeguard farmers’ incomes. The proposed commission would be responsible for setting fair prices for key agricultural products, ensuring that farmers receive adequate returns while maintaining market stability. The call comes amid growing concerns about fluctuating commodity prices, rising production costs, and the impact of climate change on agricultural yields.

Analysts argue that a dedicated pricing body could help reduce middlemen’s influence and promote transparency in agricultural trade. They note that similar commissions in India and other countries have improved price predictability and rural livelihoods. Farmer associations have also voiced support, emphasizing that guaranteed minimum prices could prevent distress sales and encourage sustainable farming practices.

If implemented, the commission could play a pivotal role in shaping long-term agricultural policy, improving food security, and reducing rural poverty. The government is expected to review the proposal before the next fiscal policy cycle.

Dhaka’s metro rail operations were suspended on Friday, December 12, after employees launched a full-scale strike protesting the government’s failure to implement an independent employment regulation. Trains scheduled to depart from Uttara at 3:00 p.m. and from Motijheel at 3:20 p.m. did not operate, leaving hundreds of passengers stranded across multiple stations.

The strike was called by a section of regular officers and staff of Dhaka Mass Transit Company Limited (DMTCL), which oversees metro construction and operations. Despite DMTCL’s assurance on Thursday that services would run as usual, protesting workers refused to comply. DMTCL spokesperson Zahidul Islam stated that the authorities were working to address the employees’ demands, noting that procedural steps were underway but service disruption still occurred.

The sudden shutdown caused significant inconvenience for commuters and families planning weekend outings. Government officials are now reviewing the situation, though no timeline has been announced for service resumption.

Prices of daily essentials in Bangladesh remain stubbornly high, with only marginal relief for consumers. Although onion prices have dipped slightly, they still hover around BDT 140 per kilogram for older stock, while newly harvested varieties sell for BDT 110–120. Despite increased imports and fresh supply entering the market, traders say meaningful price reductions will depend on greater availability in the coming weeks.

Fish prices also show little sign of easing, with popular varieties such as rohu, pabda, and shrimp maintaining elevated rates between BDT 300 and BDT 900 per kilogram. Retailers note that fluctuations in wholesale prices rarely translate into relief for end buyers. Meanwhile, chicken and egg prices have stabilized somewhat, while new potatoes have entered the market at lower—but still high—rates compared to previous weeks.

Market observers warn that sustained high food prices could strain household budgets further, especially ahead of the Ramadan season, when demand typically spikes and unscrupulous traders may exploit the situation.

Concerns over a possible halt in Dhaka Metro Rail services eased after the Dhaka Mass Transit Company Limited (DMTCL) confirmed that trains would continue running on schedule. The assurance came late Thursday night through a verified Facebook post, following fears sparked by employees’ announcement of an indefinite work stoppage starting Friday.

Earlier, DMTCL’s regular officers and staff had declared a full-scale strike demanding the formulation and publication of an independent employment regulation. The announcement had raised uncertainty among commuters and city authorities about potential service interruptions. However, DMTCL clarified that passenger services would remain unaffected and operate as per the regular timetable.

The resolution brings temporary relief to Dhaka’s growing metro network, which has become a vital part of the city’s transport system. Authorities are expected to continue discussions with employees to address their regulatory concerns and prevent future disruptions.

Essential commodity prices in Bangladesh have risen sharply ahead of Ramadan, with traders accused of manipulating the market. Within just two days, sugar prices increased by up to Tk 5 per kilogram, now selling at Tk 95–115 in retail markets. Rice, potatoes, garlic, and lentils have also seen notable hikes, with Trading Corporation of Bangladesh (TCB) data showing sugar prices up 2.5% in a week and rice up to 8.57% higher than last year.

Consumer rights groups, including the Consumers Association of Bangladesh (CAB), have condemned the price manipulation, urging authorities to identify and monitor the syndicates responsible. CAB Vice President S.M. Nazer Hossain stated that there is no sugar shortage, as imports have increased and global prices have fallen. Despite this, traders are exploiting Ramadan demand to inflate profits.

The Directorate of National Consumer Rights Protection has pledged intensified monitoring during Ramadan. Analysts warn that without strict oversight, consumers may face severe hardship during the fasting month, despite adequate supply and stable foreign exchange conditions.

Mexico’s Senate has approved a 50% import tariff on goods from India, expanding trade restrictions that previously targeted China and other Asian economies. The new measure, set to take effect on January 1, will apply to automobiles, auto parts, textiles, plastics, and steel from countries without free trade agreements with Mexico. The move follows similar U.S. actions and is seen as part of Mexico’s broader effort to strengthen domestic manufacturing.

Analysts suggest the decision reflects President Claudia Sheinbaum’s attempt to maintain favorable relations with Washington, particularly as former U.S. President Donald Trump pressures Mexico to impose higher duties on steel and aluminum. Mexico remains the United States’ largest trading partner, and the tariff policy could serve as a strategic gesture to avoid renegotiation of the USMCA trade pact.

Economists warn the tariffs could raise production costs and strain supply chains across Asia. India, South Korea, China, Thailand, and Indonesia are expected to be most affected, potentially prompting diplomatic and trade responses in early 2025.

Dhaka Mass Transit Company Limited (DMTCL) announced late Thursday that metro rail services in Dhaka will continue as scheduled, easing fears of a complete shutdown. The assurance came after regular officers and employees of DMTCL had declared an indefinite work stoppage starting Friday, raising concerns about major disruptions to passenger transport across the capital.

In a verified Facebook post, DMTCL informed passengers that trains would operate according to the regular timetable and that all services would remain uninterrupted. The company’s statement followed a Wednesday notice from its staff union announcing a full-scale strike, reportedly over unresolved internal issues. The reversal of the strike decision has brought relief to thousands of daily commuters who rely on the metro for timely travel.

The development highlights ongoing labor-management tensions within DMTCL, though details of the dispute remain unclear. Authorities are expected to continue discussions with employees to prevent future disruptions to Dhaka’s growing metro network.

Malaysia’s Employees Provident Fund (EPF) has reported that 1.3 million foreign workers have registered under its savings scheme since it became effective on October 1 this year. The registrations were facilitated through 60,000 employers, marking what officials describe as a positive start toward ensuring social protection for migrant laborers.

Despite the progress, the EPF noted that some employers still fail to make mandatory contributions, hindering full compliance. To strengthen enforcement and worker protection, the EPF signed a Memorandum of Collaboration (MoC) with the Immigration Department during a ceremony in Putrajaya. The agreement enables secure data sharing between the two agencies, including information on temporary employment visas and other valid work permits.

EPF CEO Sazaliza Zainuddin said the partnership will enhance identity verification, speed up registration, and ensure transparency in contribution enforcement. Full implementation of mandatory contributions is scheduled to begin on October 1, 2025, supported by an integrated data system to streamline verification and compliance processes.