Bangladesh Bank has introduced a new interoperable digital transaction system from November, allowing seamless money transfers among mobile financial services (MFS) such as bKash, Nagad, and Rocket, as well as between banks and payment service providers (PSPs). The initiative aims to reduce transaction costs and promote a cashless economy. Under the new fee structure, transferring BDT 1,000 from an MFS account to another MFS, bank, or PSP account will cost BDT 8.50, while bank-to-bank or bank-to-MFS transfers will cost BDT 1.50. The central bank has mandated that all charges be displayed before transactions and only the sender will bear the fee. This system operates through the National Payment Switch Bangladesh (NPSB) platform, reviving a similar initiative halted in 2020. Bangladesh Bank previously suspended the ‘Binimoy’ platform due to irregularities and contract violations. The central bank now plans to launch another interoperable platform with support from Mojaloop, an open-source initiative backed by the Gates Foundation.

Dhaka Bank is implementing several initiatives to accelerate Bangladesh’s transition toward a cashless economy. The bank is introducing NFC-based mobile payment services, expanding the use of Bangla QR for small merchants and consumers, and modernizing its internet banking and mobile app platforms. It is also promoting financial literacy and awareness campaigns to encourage digital transactions. Drawing on experiences from India, Sri Lanka, and Pakistan, Bangladesh is studying successful models like India’s UPI and Pakistan’s Raast to develop interoperable, low-cost, and real-time payment systems. Inspired by these examples, Bangla QR transactions are now free for users, and the country is moving toward cost-free peer-to-peer transfers. To ensure uninterrupted service, banks are upgrading core systems, enhancing cybersecurity, and strengthening data centers and disaster recovery sites. Despite progress, challenges remain in rural connectivity, cybersecurity threats, and occasional system downtime affecting transaction continuity.

Bangladesh Bank has directed all commercial banks, mobile financial service providers, and payment service operators to ensure instant transfer of funds to the accounts of small and marginal traders for transactions made through the Bangla QR code system. The move aims to promote a cashless society and reduce cash-based transactions across the country. Institutions have been instructed to build the necessary infrastructure by December 15, after which immediate fund transfers must be implemented. For other types of businesses, the timing of fund deposits will depend on the relationship and risk assessment between the financial institution and the merchant. The central bank issued the directive on November 24, emphasizing that the initiative is part of a broader strategy to enhance digital payments and financial inclusion through the expansion of Bangla QR-based transactions.

Al-Arafah Islami Bank has positioned itself as a key player in Bangladesh’s journey toward a cashless economy, aligning with the government’s ‘Digital Bangladesh’ vision. The bank has introduced advanced internet banking, dual-currency debit and Islamic credit cards, Islamic wallets, Bangla QR payments, and digital donation boxes to promote secure and accessible digital transactions. It has also launched an Education Management System for automated tuition fee collection and expanded agent banking to rural areas to enhance financial inclusion. Managing Director Md. Rafat Ullah Khan highlighted Bangladesh’s upcoming digital reforms, including private credit bureaus, digital-only banks, e-money licenses, and an interoperable A2A platform similar to India’s UPI. Despite challenges like cybersecurity risks, user awareness, and network limitations, the bank is upgrading its core systems, adopting cloud technology, and strengthening cybersecurity. With Bangladesh Bank’s new policies and infrastructure initiatives, Al-Arafah aims to deliver faster, safer, and nearly cost-free digital transactions nationwide by 2026.

After a long suspension, ship operations on the Cox’s Bazar–Saint Martin’s route will resume on December 1, allowing tourists to stay overnight on the island under 12 strict government guidelines. A maximum of 2,000 tourists per day will be permitted to visit, with four vessels—MV Karnaphuli Express, MV Baro Aulia, Keari Sindbad, and Keari Cruise & Dine—authorized to operate. The district administration and environment department will enforce the new rules to protect the island’s fragile ecosystem. Tourists must buy tickets online through an approved tourism portal containing a QR code for verification. Activities such as beach lighting, loud music, barbecues, and the use of motorized vehicles or single-use plastics are prohibited. Overnight stays will be allowed only in December and January, while February will remain closed to visitors. Authorities hope the new measures will ensure sustainable and eco-friendly tourism while preserving Saint Martin’s unique biodiversity.

Bangladesh faces a severe earthquake threat due to the Ganges-Brahmaputra megathrust fault, which could trigger a magnitude 9 quake, experts warned at a seminar in Dhaka organized by JCX Developments Limited. Local and international geologists, architects, and engineers highlighted that the country lies at the junction of three active tectonic plates—Indian, Myanmar, and Eurasian—making it highly vulnerable. Over 200 earthquakes have been recorded in the past century, with increased activity since 2024. Specialists emphasized that the accumulated energy in the subduction zone from Sylhet to Teknaf remains unreleased for nearly a millennium. Japanese experts shared lessons from Japan’s earthquake-resistant architecture and urged stronger building codes, structural audits, and emergency preparedness. Participants called for coordinated efforts between government and private sectors to build resilience through awareness, drills, and technological readiness. Rapid urbanization, dense population, and weak infrastructure were identified as major risk factors that could worsen the impact of a major quake.

The Tenants’ Council, a renters’ rights organization, held a human chain protest in front of the National Press Club in Dhaka on Saturday, urging the government to stop what they describe as unjustified rent increases across the country. The protest, chaired by the council’s president Jannat Fatema and conducted by acting president Md. Mostafa, featured several leaders who criticized landlords for raising rents annually under various pretexts. They argued that amid the current economic crisis, limited income sources, and rising prices of essential commodities, tenants are struggling to manage household expenses. The speakers accused the government of failing to take effective steps to control rent or inflation. The organization demanded an official government notification to freeze rent hikes, warning that if landlords continue to raise rents, the Tenants’ Council will launch a larger nationwide movement to protect renters’ rights.

Bangladesh Cold Storage Association (BCSA) announced that the two-day 'Potato Festival 2025' will be held at the International Convention City Bashundhara (ICCB) in Dhaka from December 12. The event aims to promote Bangladesh’s potato industry on the global stage by showcasing modern storage technologies, processing capabilities, and export opportunities. BCSA President Mostafa Azad Chowdhury Babu said the festival will highlight the need for advanced cold storage, value-added processing, and investment-friendly policies to expand exports. Despite being the world’s seventh-largest potato producer, Bangladesh struggles with inadequate preservation facilities and limited processing infrastructure. Over a hundred local and international companies will participate in the exhibition, featuring innovations in cold-chain systems, agricultural machinery, potato-based food products, and culinary applications. The initiative seeks to attract foreign investment and strengthen Bangladesh’s position in the global potato market.

Sri Lanka has declared a nationwide state of emergency after relentless rains caused by Cyclone Ditwah led to catastrophic flooding across the island. At least 132 people have died and 176 remain missing, according to the Disaster Management Centre (DMC). More than 15,000 homes have been destroyed, and over 78,000 residents have been relocated to emergency shelters. The military, navy, and air force are conducting joint rescue operations, including a 24-hour mission in Anuradhapura that saved 69 passengers, among them a German tourist. Central districts such as Badulla and Kandy have been severely affected, with roads and bridges washed away, isolating many villages. Power and water supplies have been disrupted in about one-third of the country, and communication networks remain unstable. President Anura Kumara Dissanayake’s government has appealed for international assistance and urged Sri Lankans abroad to send financial aid. Meanwhile, Cyclone Ditwah is moving north toward India, prompting flight cancellations in Chennai and warnings of heavy rain and strong winds.

Bangladesh Bank Governor Dr. Ahsan H. Mansur announced plans to merge five struggling banks into a single new entity with Tk 35,000 crore in paid-up capital, aiming to strengthen the country’s financial sector. Speaking at the Fourth Bangladesh Economic Conference in Dhaka, he highlighted progress in macroeconomic stability, foreign exchange management, and governance reforms despite structural challenges. Mansur noted that the exchange rate has remained stable between Tk 120 and Tk 122.50 per US dollar, and foreign banks have resumed normal operations. He identified high non-performing loans—potentially reaching 35%—as a major challenge that could take up to a decade to resolve. The governor also outlined reforms including greater central bank autonomy, stronger deposit insurance, and limits on family ownership in banks. He urged businesses to utilize the bond market for long-term financing and confirmed that nine non-bank financial institutions are being phased out.

An endangered Palash fish eagle was rescued by the Forest Department in Satkania, Chattogram, after it was found injured from an electric shock. The bird reportedly came into contact with a high-voltage power line while flying over a pond in the Uttar Chadaha area on Saturday morning, causing it to fall into the water. Locals promptly informed forest officials, who arrived at the scene and rescued the eagle. The injured bird was later transferred to Dulahazara Safari Park in Cox’s Bazar for medical treatment. According to Chunati Wildlife Sanctuary Beat Officer Chanchal Kumar Tarafdar, the Palash fish eagle is a large brown sea eagle species that primarily hunts aquatic fish and is identifiable by a distinctive white band on its tail. The species is considered endangered in Bangladesh and plays a vital role in maintaining the country’s ecological balance and biodiversity.

Cyclone Ditwah has caused severe devastation in Sri Lanka, leaving at least 123 people dead and 130 missing as it moves north-northwest over the southwestern Bay of Bengal. The Bangladesh Meteorological Department has issued distant warning signal No. 2 for the country’s four major seaports—Chattogram, Cox’s Bazar, Mongla, and Payra—advising all fishing boats and trawlers to remain near the coast and avoid deep-sea operations until further notice. As of Saturday morning, the cyclone was located about 1,880 kilometers southwest of Chattogram and 1,750 kilometers southwest of Mongla. Winds near the cyclone’s center are reaching sustained speeds of 62 km/h, with gusts up to 88 km/h, making the sea very rough. Sri Lanka continues to experience heavy rainfall exceeding 300 millimeters in some areas, along with strong winds and flooding. Regional authorities are monitoring the storm’s movement closely as it continues to track toward the northern Bay of Bengal.

At least 56 people have been killed and 21 remain missing after Cyclone Ditwah struck Sri Lanka, triggering severe flooding and landslides across the island. Heavy rainfall exceeding 300 millimeters in several regions has caused widespread destruction, particularly in the eastern and central districts. The Disaster Management Centre (DMC) reported that 21 people died in a landslide in the tea-producing district of Badulla. Over 44,000 people have been affected nationwide, with homes destroyed and many residents stranded. Schools, colleges, and universities have been closed, and several international flights have been canceled. Authorities have issued a red alert for low-lying areas along the Kelani River, including parts of the capital Colombo, urging residents to move to higher ground. Rescue operations are ongoing, though access to remote areas remains difficult due to continuous heavy rain and damaged infrastructure.

Amazon has officially launched its new satellite internet service, ‘Amazon LEO,’ positioning it as a direct competitor to Elon Musk’s Starlink. The company claims LEO is the world’s fastest commercial satellite internet service, capable of delivering download speeds up to one gigabit per second—five times faster than Starlink’s current performance. Although Amazon’s network currently includes only 150 satellites compared to Starlink’s 8,000, it plans to expand to 3,236 satellites in the coming years. The service is initially available to select business clients, including Hunt Energy Network, Vanu Incorporated, and JetBlue Airways, as part of a limited rollout to test network performance and industrial applications. Amazon aims to broaden access globally next year, while SpaceX continues to expand Starlink toward a 12,000-satellite constellation. The launch marks a major step in the growing competition for global satellite-based internet connectivity.

Biman Bangladesh Airlines has reduced airfares on the Dhaka-Sylhet-Dhaka route following widespread public dissatisfaction and protests over high ticket prices. According to a statement from the Sylhet District Administration’s media cell on Friday, the fare revision aims to improve passenger service and reflect current market conditions. Under the new pricing structure, the minimum one-way fare on the Sylhet-Dhaka route has been set at 2,024 taka, totaling 3,199 taka with taxes, while the maximum fare is now 7,024 taka, totaling 8,199 taka with taxes. The fare reduction comes after several days of demonstrations in Sylhet, where residents accused a syndicate of exploiting the poor condition of the Sylhet-Dhaka highway to artificially inflate airfares. The move is expected to ease travel costs for passengers frequently commuting between the two cities.