United News of Bangladesh

Invest Bangladesh presented the country's economic potential and a diverse portfolio of infrastructure and manufacturing projects to international investors at the World Investment Forum 2026 in Doha. The session, titled "Invest in Bangladesh: The Billion-Dollar Opportunity Hiding in Plain Sight," took place on Monday at the forum center stage, drawing around 100 participants, including institutional investors, global financiers, and representatives from various investment promotion agencies, according to a press release. The event is Organized by UN Trade and Development (UNCTAD) and hosted by the State of Qatar, the forum runs from October 25 to 27. Nahian Rahman Rochi, Member of Invest Bangladesh and head of the Investment Development Division, delivered the presentation. He highlighted Bangladesh's competitive operating costs, young workforce, and expanding domestic market support, alongside ongoing initiatives to upgrade infrastructure and streamline investor services. The presentation spotlighted major project pipelines, including industrial-scale solar initiatives on government land, liquefied natural gas (LNG) infrastructure, port facilities, the proposed Chattogram Free Trade Zone, and the Matarbari green dockyard. It also emphasized investment prospects in advanced textiles, electronics, and medical devices, outlining entry avenues for developers, operators, and financial partners. "Investors wanted to understand how they could participate in the projects we presented. There was also interest from regional partners in exploring opportunities together in economic zones, ports, and dry docks," said Nahian Rahman Rochi, adding that follow-up efforts will focus on matching project requirements with investor and operator capabilities. On the forum's opening day, Invest Bangladesh Chairman Ashik Chowdhury joined a ministerial panel focusing on translating energy transition priorities into investable projects. He explained how the recently consolidated Invest Bangladesh framework unifies investor identification, site preparation, policy coordination, and Public-Private Partnership (PPP) structuring to accelerate renewable energy initiatives. He also noted that Invest Bangladesh currently has 15 industrial-scale solar projects in its pipeline for development via PPPs, including the Sonagazi solar project model. At a separate investment ministerial roundtable, the Invest Bangladesh Chairman called for greater international recognition of the developmental impact generated by investments in emerging economies. He urged UNCTAD to highlight successful investment case studies and explore risk-sharing mechanisms inspired by export credit and investment guarantee frameworks.

Fifteen customers have won 43-inch smart televisions by paying utility bills through bKash during its recent campaign from October 1 to 15, the MFS provider announced on Monday. Besides, 480 customers who were the first to pay a utility bill through bKash in each minute between 10:00am and 6:00pm got cashback every day during the campaign. Recently, winners received the smart TV coupon at an event held at bKash office in the city. The campaign will run again from November 1 to November 15, 2026. During this period, the highest utility (electricity, gas, water, internet and TV) bill paying customer will have the chance to win a smart television each day. Furthermore, during the campaign period from 10:00 am to 6:00 pm, the first user to pay a utility bill in every minute can receive up to 50% cashback, maximum of Tk 100. In total, 480 customers can avail this cashback daily by paying electricity, gas, water, internet, and TV bills through bKash. At present, almost all essential utility bills including electricity, gas, water, internet, telephone, TV, educational institutions, credit cards, and government fees can be paid conveniently through bKash. Customers can also download and save an eco-friendly digital receipt after completing their bill payments.

Asian shares traded mixed on Monday while oil prices fell more than 1% after climbing to their highest levels in more than four years last week. US stock futures edged higher. Investors were preparing for major corporate earnings reports and central bank decisions expected to influence financial markets this week. Alphabet, Microsoft's parent competitor in the technology sector, and Amazon are among the major companies scheduled to report results, alongside Google’s parent company, Alphabet, and Microsoft. Tokyo's Nikkei 225 declined 0.8% to 62,189.65 as technology stocks faced renewed selling pressure. Chip-testing equipment maker Advantest dropped 3.9%, while Tokyo Electron, a manufacturer of semiconductor and flat-panel production equipment, lost 3.7%. The Bank of Japan is scheduled to announce its key interest rate decision later this week. South Korea's Kospi fell 1.5% to 5,469.47, with Samsung Electronics down 1.1%. Hong Kong's Hang Seng gained 0.5% to 23,206.82, while the Shanghai Composite rose 0.2% to 3,697.52. Australia's S&P/ASX 200 also recovered from early losses, advancing 0.2% to 8,809.90. Brent crude, the international benchmark, fell 1.4% to $110.12 a barrel, while US benchmark crude dropped 1.8% to $101.37. On Friday, Brent had surged 3.1% to $116.72, its highest closing level since June 2022. On Wall Street, the S&P 500 fell 0.5% on Friday, recording its second consecutive weekly loss. The Dow Jones Industrial Average dropped 1.2%, while the Nasdaq Composite declined 0.2%. AI-related stocks showed mixed resilience, with Micron Technology gaining 2.5%, Intel rising 1.7%, Microsoft adding 0.7% and Advanced Micro Devices advancing 1.7%. Investors remain concerned about whether heavy spending on artificial intelligence can justify elevated stock valuations, particularly as borrowing costs remain high. “This week is less about broad conviction and more about proof,” said Stephen Innes of SPI Asset Management, highlighting pressure on major technology companies to demonstrate returns on their investments. Treasury yields edged higher as inflation concerns and government debt weighed on markets. Investors expect the Federal Reserve to maintain interest rates this week, although markets increasingly anticipate another hike in December. The US personal consumption expenditures price index, the Fed's preferred inflation measure, is expected to show inflation at 3.7% in September, well above its 2% target. The US war with Iran has sharply reduced global oil supplies, pushing up energy costs and increasing prices for goods ranging from fuel to food and clothing. In currency trading, the dollar slipped to 156.94 yen from 156.99 yen, while the euro fell to $1.1216 from $1.1223.

Bangladesh’s stock market resumed trading on a bearish note on Sunday after the Durga Puja holidays, with all major indices and turnover ending lower. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), lost 18 points during the session. The Shariah-based DSES dropped 9 points, while the blue-chip DS30 slipped 1 point. Turnover at the country’s premier bourse stood at Tk 430 crore, down from Tk 502 crore in the previous session. Losers dominated the floor, with 283 issues declining against 64 advancing. Prices of 38 companies remained unchanged. All sectors except banks and real estate ended in the red. The jute sector was the worst performer, shedding 4.6 percent. Bangladesh National Insurance PLC topped the gainers’ list with a rise of over 11 percent, while Bangladesh Building Systems PLC led the losers, falling nearly 8 percent. The Chittagong Stock Exchange (CSE) also closed lower. Its all-share index, CASPI, fell 22 points. Of the issues traded on the port city bourse, 86 declined, 59 advanced and 18 remained unchanged. Turnover at the CSE slid to Tk 16 crore, down from Tk 21 crore on the previous trading day. ACI Formulations PLC was the top gainer on the CSE, rising nearly 10 percent, while Information Services Network Ltd was the biggest loser, shedding almost 10 percent.

Bangladesh’s inward remittance momentum remained robust, with expatriates remitting US$2.13 billion during the first 24 days of October and pushing the cumulative total for the July 1–October 24 period of the current fiscal year to $10.72 billion. According to the latest Bangladesh Bank (BB) update, the country received $2.13 billion in October alone (up to October 24, 2026), up from $2,002 million during the same period in October 2025, registering a monthly growth of 6.7 percent for FY 2026-27. During the specific six-day span from October 19 to October 24, 2026, incoming remittances stood at $294 million. The cumulative figure of $10.72 billion represents an 11.9 percent yearly growth compared to $9.58 billion recorded during the corresponding period of the previous fiscal year.

Bangladesh Bank restored access to its official website on Sunday after keeping it offline for three days as a precaution against potential cyberattacks amid global security concerns. The central bank took the website offline on Thursday to assess possible cybersecurity risks following warnings about global cyber threats. However, websites of several private commercial banks remain offline and will be restored after the completion of risk assessments, banking sector sources said. Bangladesh Bank Spokesperson and Executive Director Arief Hossain Khan said technical teams examined the website for potential vulnerabilities and software bugs. He said the website was taken offline as a preventive measure in response to global warnings about cyberattacks and was restored after the risks were assessed. Despite the temporary shutdown of the central bank's website, banking services including internet banking and mobile financial services (MFS) remained fully operational throughout the period, with no disruption to customer transactions. In recent years, government services, banks, e-commerce platforms and news media have increasingly relied on websites and software applications to deliver services. Many of these online platforms use the PHP programming language. Global cybersecurity concerns intensified after two critical security vulnerabilities were identified in PHP. Fears that hackers could exploit the flaws to target servers and websites prompted government agencies and commercial organisations in several countries to take precautionary measures. International media reports said governments and businesses worldwide moved to strengthen their cybersecurity measures after the vulnerabilities were disclosed. From Wednesday night, numerous government and commercial organisations temporarily shut down their websites as a precaution. Despite these measures, millions of hacking attempts were reported worldwide, prompting organisations to audit their technology infrastructure and strengthen their cybersecurity defences.

The Bangladesh Jeweller’s Association (BAJUS) on Sunday cut gold prices by Tk 3,324 per bhori, setting the price of 22-carat gold at Tk 220,858, including valued added tax (VAT). The revised prices came into effect at 10:00am on Sunday, according to a BAJUS press release. The organisation said it lowered gold prices following a decline in the price of pure gold in the local market. Under the new rates, 21-carat gold will cost Tk 210,943 per bhori, 18-carat gold Tk 181,200 and traditional-method gold Tk 148,016. BAJUS said making charges will apply depending on the design of the jewellery. As VAT is included in the selling prices of gold and silver ornaments, jewellers cannot collect it separately from customers. For jewellery exchanges, 12 percent will be deducted from the price, excluding making charges and stones, while 18 percent will be deducted for purchases. VAT cannot be deducted separately in exchange and purchase transactions, the association said. The revised prices will remain effective at all jewellery establishments until further notice. Before Sunday's adjustment, BAJUS last revised gold prices on October 23, slashing Tk 2,158 per bhori to set the price of 22-carat gold at Tk 224,182, including VAT. At the time, 21-carat gold was priced at Tk 214,093 per bhori, 18-carat gold at Tk 183,883 and traditional-method gold at Tk 150,232. With Sunday's adjustment, gold prices have been revised 126 times in the domestic market so far this year. Prices have been raised 60 times, lowered 65 times, and adjusted once for VAT. Silver prices unchanged Meanwhile, silver prices remained unchanged in the domestic market. Including VAT, 22-carat silver is selling at Tk 3,849 per bhori, 21-carat silver at Tk 3,674, 18-carat silver at Tk 3,149 and traditional-method silver at Tk 2,391. Silver prices have been revised 76 times so far this year, with 36 increases and 40 decreases.

Bangladesh maintained its position as the largest supplier of denim to the European Union (EU) during the January–August period of 2026, capturing nearly 30 percent of the market despite an overall year-to-date contraction, according to the latest Eurostat data compiled by Bangladesh Apparel Voice (BAV). During the first eight months of the year, the EU imported €2956.21 million worth of denim, reflecting a 4.40 percent decline compared to €3,092.27 million recorded in the same period last year. However, August delivered a notable turnaround as total EU denim imports rose 11.23 percent year-on-year to €430.16 million—marking the first clear signal of market recovery this year. Bangladesh led the market by shipping €869.13 million worth of denim products in the January–August period, holding a 29.40 percent market share. This placed Bangladesh comfortably ahead of its primary competitors, Pakistan (€525.49 million) and Turkey (€438.25 million). Despite holding the top position, Bangladesh’s total denim export value to the EU during the eight-month period contracted by 5.85 percent year-on-year, while its market share slightly eased from 29.85 percent to 29.40 percent. The rebound in August significantly narrowed Bangladesh's losses. Denim shipments from Bangladesh to the EU jumped 12.71 percent to €134.08 million in August, outperforming the overall market growth rate of 11.23 percent. Consequently, Bangladesh’s market share for August expanded to 31.17 percent from 30.76 percent a year earlier, contributing roughly 35 percent of the EU's total import increase for the month. The strong August performance helped narrow Bangladesh's year-to-date export decline from 8.59 percent through July down to 5.85 percent through August. The wider European market witnessed notable shifts among key supplying nations. Turkey recorded the sharpest drop, losing €117 million—a 21.08 percent decline—accounting for the bulk of the EU's total market contraction. Other traditional suppliers also posted losses, including Morocco (-14.48%), Pakistan (-7.88%), Cambodia (-6.47%), and Tunisia (-6.44%). Conversely, non-traditional and growing suppliers gained ground, led by Egypt (+31.46% or +€45 million), China (+17.70% or +€30 million), and Vietnam (+45.38% or +€17 million). While Bangladesh fared better than most of its traditional competitors, it did not capture the market share relinquished by Turkey. Commenting on the trend, Mohiuddin Rubel, Founder and CEO of Bangladesh Apparel Voice, noted that while Bangladesh’s leadership remains secure for now and August figures point to a return in demand, maintaining long-term market share will increasingly depend on matching nearer suppliers in terms of speed, agility, and flexibility.

Bangladesh Bank’s 'Udyog' program, designed to foster young entrepreneurs and generate employment, applications for the upcoming second phase will open on November 1, allowing young entrepreneurs from the remaining 56 districts to apply. The first received 18,444 applications across 64 upazilas in eight districts during the first phase of its 'Udyog' program, designed to foster young entrepreneurs and generate employment. According to preliminary data released by the central bank, Netrokona district recorded the highest number of submissions in the first phase with 5,351 applications, followed by Rangpur with 2,745. Submissions from other districts include 2,456 in Naogaon, 2,191 in Jhenaidah, 1,552 in Habiganj, 1,545 in Bhola, 1,343 in Manikganj, and 1,261 in Feni. The central bank launched the initial phase to identify promising young entrepreneurs at the grassroots level and establish financing opportunities for their business ventures. Applications were collected between September 16 and October 15 through scheduled bank branches across all upazilas of the designated eight districts. In the upcoming phase, young entrepreneurs from the country's remaining 56 districts can submit applications from November 1 to November 30. Submissions can be made at any scheduled bank branch within the respective upazilas. Applicants must complete a prescribed form, which is available on the official websites of Bangladesh Bank, its SME portal, and participating scheduled banks. Bangladesh Bank earlier issued the policy guidelines for the 'Udyog' program on September 13. The initiative aims to contribute to national economic development by cultivating youth entrepreneurship, creating new job opportunities, and encouraging innovative ventures. The central bank has sought the cooperation of all relevant stakeholders to ensure the successful implementation of the program.

Global crude oil prices surged to a six-month high as investor anxieties mounted over potential US military strikes against Iran in the coming weeks alongside escalating regional conflict in the Middle East. Brent crude futures rose by 3.1 percent (+$3.55) to settle at $116.72 per barrel on Friday—the highest closing level recorded since April 29. US West Texas Intermediate (WTI) crude similarly jumped by 3.8 percent to close at $103.27 per barrel. The sharp uptick marks the third consecutive week of gains across international benchmark contracts, with Brent logging a 6.2 percent weekly advance and WTI expanding by 2 percent. Market sentiment turned sharply bullish following escalated political rhetoric. US President Donald Trump stated on Wednesday that Washington was not holding negotiations with Tehran, adding that "something will happen soon." Citing senior US officials, the global media reported that the US and Israel are considering joint targeted operations against Iranian assets following the upcoming US midterm elections. Adding to market jitteriness, Iran’s media cited the nation's military chief asserting that Iranian forces are fully prepared for asymmetrical warfare following recent upgrades to defense capabilities. Concurrently, persistent drone and missile strikes by Iran-backed Houthi rebels against energy targets in Saudi Arabia have heightened supply vulnerability fears. In response to the escalating threats, the US Department of State directed non-essential government personnel to evacuate Saudi Arabia. According to Saudi state media, a drone strike targeting the eastern Shaybah oilfield on Wednesday left two people dead and two injured. A separate attack on King Fahd International Airport in Dammam killed at least two people and injured eight others. Following the series of strikes, Saudi state energy giant Saudi Aramco instructed employees at its Dhahran headquarters to relocate to secure positions and transition to remote operations.