The Chittagong Stock Exchange (CSE) has been unable to launch Bangladesh’s first commodity exchange as the Bangladesh Securities and Exchange Commission (BSEC) has not yet approved the proposed products and broker registrations, despite more than four months passing since applications were filed. CSE had applied for approval of gold, silver, and crude palm oil trading, along with registration for five brokers, but both remain pending.

BSEC officials say the commission is positive about the initiative but is still reviewing legal and operational aspects before granting final approval. CSE claims it has completed all technical preparations, including automated trading tests, and is conducting five days of mock trading from December 19 to 23. Officials express frustration over the delay, noting that nearly Tk 100 crore has already been invested in the project.

The delay reflects regulatory indecision and limited experience with commodity markets in Bangladesh. Analysts suggest that faster approval could help diversify the country’s capital market, while further delays risk eroding investor confidence and slowing financial innovation.

The Indian rupee fell to a record low of 90.74 against the U.S. dollar on Monday, surpassing its previous all-time low of 90.55 recorded on December 12. The decline came amid prolonged deadlock in U.S.-India trade talks and continued foreign investor withdrawals from India’s bond and equity markets. The rupee weakened by 0.3 percent as investor confidence waned following new U.S. tariffs of up to 50 percent on Indian goods.

Foreign investors have sold over $18 billion worth of Indian equities so far in 2025, making India one of the hardest-hit emerging markets for portfolio outflows. More than $500 million in bonds were also offloaded in December. Analysts expect India’s trade deficit to narrow to $32 billion from October’s record $41 billion, though concerns over external financing remain.

Finrex Treasury Advisors’ Anil Bansali warned that the rupee may test support levels at 90.80, with risks extending toward 91–92. The Reserve Bank of India is reportedly allowing market forces to dictate pricing, intervening only to curb excessive volatility.

Aditya Dhar’s new film *DhuranDhar*, released on December 5 across Indian cinemas, has ignited intense political and social debate. The three-hour spy thriller revisits major terror incidents such as the 1999 Kandahar hijacking, the 2001 Parliament attack, and the 2008 Mumbai attacks. While audiences have praised its cinematic scale and storytelling, critics argue that the film carries hyper-nationalist overtones and religious bias, prompting bans in several Gulf countries.

Political reactions have been sharply divided. Congress MP Tariq Anwar accused the film of promoting Islamophobia, while BJP leaders defended it as a factual portrayal of terrorism. Actor Hrithik Roshan publicly expressed discomfort with the movie’s political stance. Analysts note that Dhar’s work, including his earlier *Uri: The Surgical Strike*, aligns with government narratives on national security and patriotism.

Experts suggest *DhuranDhar* reflects a broader trend of Bollywood films reinforcing state ideology since 2014. Its upcoming second part, due in March, is expected to reignite debates over religion, nationalism, and the politicization of Indian cinema.

The European Union is preparing to withdraw its landmark 2035 ban on new petrol and diesel car sales, a move expected to be part of a broader reform package aimed at supporting Europe’s struggling automotive sector. The European Commission may instead propose a 90% reduction in carbon emissions from new vehicles, replacing the full ban initially adopted under the EU’s Green Deal.

The shift follows intense lobbying from car manufacturers and member states such as Germany and Italy, who argue that slow electric vehicle (EV) adoption and competition from China make the original target unrealistic. According to industry data, only about 16% of new cars sold in Europe during the first nine months of 2025 were battery-powered. Environmental groups warn that relaxing the ban could undermine climate goals and discourage EV investment.

The Commission is also considering new incentives for small and affordable EVs and measures to green corporate fleets. The final proposal is expected to test the EU’s balance between industrial competitiveness and environmental commitments.

Farmers in Shibganj, Chapainawabganj, are celebrating a bumper yield of off-season Katimon mangoes, which have already reached markets across Bangladesh. Favorable weather conditions contributed to strong production, while high demand from Dhaka traders has driven prices upward. Wholesale buyers are crowding the Kansat mango market, purchasing the premium fruit at record prices.

According to local traders, top-grade Katimon mangoes are selling for Tk 15,000–16,000 per maund, up from Tk 13,000–14,000 just a week earlier. Agricultural officials report that around 2,150 hectares in the upazila are now dedicated to Katimon cultivation, reflecting its growing popularity. Farmers say advance bookings from urban buyers have further boosted local prices.

While growers and wholesalers benefit from the strong market, retail consumers complain that the fruit has become unaffordable. The Department of Agricultural Extension expects production to expand next year with proper management, as more farmers shift toward cultivating this profitable off-season variety.

Bangladesh Telecommunication Regulatory Commission (BTRC) has postponed the launch of the National Equipment Identity Register (NEIR) system to January 1, shifting from the earlier date of December 16. The decision, announced in a BTRC press release on Monday, aims to give mobile phone traders additional time to register unsold or stocked imported handsets in the system.

According to BTRC sources, many retailers have yet to submit International Mobile Equipment Identity (IMEI) data for their devices, prompting the extension. The commission has requested all mobile phone traders to send the required information in a specified Microsoft Excel format to neir@btrc.gov.bd by December 31.

The NEIR system is designed to curb mobile phone theft and illegal handset use by tracking IMEI numbers nationwide. Once operational, it will help authorities block unauthorized or cloned devices from accessing mobile networks, enhancing consumer protection and national security.

Russia’s central bank has filed a lawsuit against Belgium-based financial clearing house Euroclear, seeking $230 billion in compensation for frozen sovereign assets. The case, accepted by a Moscow commercial court on December 12, follows the European Union’s plan to use part of the seized Russian reserves to fund loans for Ukraine’s military and civilian needs in 2026 and 2027. The Kremlin described the move as the beginning of a “legal nightmare” for Europe.

After Russia’s 2022 invasion of Ukraine, EU states froze roughly €210 billion of Russian central bank assets. EU leaders recently agreed to keep these assets frozen indefinitely, arguing that supporting Ukraine is essential to deter future Russian aggression. Moscow, however, calls the EU’s plan “theft” and warns it will erode global trust in the euro and European financial institutions. Legal experts suggest Russian courts may rule quickly in Moscow’s favor.

If successful, Russia could seek to seize Euroclear’s assets in friendly jurisdictions such as China, the UAE, and Kazakhstan. The dispute underscores deep divisions within Europe and raises concerns about the precedent of confiscating sovereign assets during wartime.

The Government of Bangladesh has approved the purchase of 50,000 metric tons of non-basmati parboiled rice from India for the 2025–26 fiscal year. The procurement, valued at BDT 2.147 billion (USD 17.55 million), was sanctioned at a meeting of the Cabinet Committee on Government Purchase chaired by Economic Adviser Dr. Salehuddin Ahmed. The rice will be sourced from India’s M/S Bagadia Brothers Pvt Ltd at USD 351.11 per ton, equivalent to BDT 42.98 per kilogram.

According to officials, the decision follows a proposal from the Ministry of Food aimed at strengthening national food reserves and ensuring stability in government distribution channels. The Economic Affairs Committee also approved the import of up to 900,000 tons of rice from international sources to meet emergency and public demand.

Analysts note that the move reflects the government’s precautionary approach amid concerns over domestic production and price volatility. The imports are expected to bolster food security and maintain supply continuity ahead of the next fiscal year.

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.

At least 21 people have been killed and 32 injured after sudden flash floods struck Morocco’s Atlantic coastal province of Safi following an hour of intense rainfall. Authorities confirmed the casualties on Sunday, noting that most of the injured have since been discharged from hospitals. The downpour inundated more than 70 homes and shops in Safi’s old city, swept away vehicles, and damaged several roads, disrupting transport routes across the port area.

Local residents described the event as devastating, with one calling it “a black day.” The Moroccan weather service has forecast further heavy rainfall across the country through Tuesday, marking a dramatic shift after seven years of severe drought. Emergency teams continue rescue and recovery operations amid fears of additional flooding.

The incident highlights Morocco’s growing vulnerability to extreme weather events linked to climate variability. Authorities are expected to review urban drainage systems and disaster preparedness as rainfall patterns become increasingly unpredictable.

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.

The Ministry of Foreign Affairs of Bangladesh has issued an urgent warning to citizens planning to travel abroad, cautioning them against fraudulent websites imitating the official MyGov platform. The ministry confirmed that cybercriminals are operating fake domains resembling government sites to issue counterfeit apostille certificates, undermining the credibility of legitimate digital authentication services.

According to the ICT Division’s Aspire to Innovate (a2i) program, the MyGov platform (https://www.mygov.bd) has processed around 1.7 million applications in the past 11 months, significantly improving transparency and efficiency in document verification. However, authorities recently identified multiple fake domains, including apostillemygovbd.news and apostille-mygovbd.com, used for scams. Police have already shut down two such fraudulent sites following ministry directives.

Officials warned that these scams could jeopardize the acceptance of Bangladeshi public documents abroad and disrupt lawful migration processes. Citizens are urged to use only the official MyGov website and avoid sharing personal data through suspicious links. Law enforcement efforts to identify and prosecute the fraudsters remain ongoing.

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.