Finance Minister Amir Khosru Mahmud Chowdhury has informed parliament that the government has taken a tough stance against major irregularities and scandals in the capital market.

He said legal action has been taken against individuals and institutions involved in several high-profile cases of financial misconduct and market manipulation during the Awami League regime.

According to the finance minister, the reconstituted Bangladesh Securities and Exchange Commission (BSEC) has completed inquiries and investigations into 12 separate incidents.

Responding to a question from Sirajganj-1 lawmaker Md Selim Reza in parliament today (9 June), he said a five-member special investigation committee formed by the BSEC after 5 August 2024 had submitted reports on various irregularities. Based on those findings, punitive measures have been taken against a number of individuals and organisations.

He said investors had suffered due to long-running irregularities and market manipulation in the stock market. The current government is working to ensure proper investigations and accountability for those responsible.

The finance minister told parliament that one of the most notable actions involved former BSEC chairman Shibli Rubaiyat-Ul-Islam. Following investigations into the Beximco Green Sukuk and IFIC Guaranteed Township Green Sreepur Zero Coupon Bond issues, he was declared permanently ineligible and banned for life from all capital market-related activities in Bangladesh.

The investigation findings were also forwarded to the Anti-Corruption Commission (ACC) for possible money laundering allegations against him. Former BSEC commissioner Shamsuddin Ahmed was also banned from market activities for five years in connection with the same investigation.

In a separate action relating to the IFIC Guaranteed Township Green Sreepur project, former prime minister Hasina's private industry and investment adviser and former IFIC Bank chairman Salman F Rahman was permanently barred from capital market activities and fined Tk100 crore.

In the same case, former IFIC Bank vice-chairman Ahmed Shayan Fazlur Rahman received a lifetime ban and a Tk50 crore fine.

The finance minister said that as of 13 May 2026, authorities had completed 114 inquiries, 12 investigations and 64 inspections related to stock market scandals and market manipulation.

During this period, fines totalling Tk1,496.64 crore were imposed on various individuals and institutions. At the same time, 675 enforcement actions were carried out, while 16 matters were referred to the ACC and other relevant agencies for further investigation.

In connection with market manipulation, Beximco Limited, Md Abul Khayer Hiru and others were fined a combined Tk700.63 crore.

The appointment of LR Global Asset Management Company as manager of certain mutual funds has also been cancelled.

In addition, several former officials of IFIC Investments Limited, including its former chief executive officer, have been banned for various periods and fined. Several credit rating agencies have also been penalised.

In relation to irregularities involving Quest BDC, LR Global Asset Management's responsibility for managing mutual funds was revoked, while one of the firm's senior executives was permanently barred from the market.

Separate investigations have also been conducted into Ring Shine Textiles, Fortune Shoes, ACME Pesticides and Al-Amin Chemical. In some cases, show-cause hearings have been completed, while others have been referred to the ACC over allegations of corruption and money laundering.

The finance minister noted that the commission is currently unable to take action in a case involving the IPO of Best Holdings due to a court stay order. However, the matter has been referred to the ACC.

Investigations involving Coppertech Industries, Chittagong Stock Exchange and ABG Limited are also ongoing. The commission will take final decisions after completing further reviews.

The finance minister further said that several new regulations are being drafted to strengthen transparency and accountability in the capital market. These include a whistleblower protection regulation, corporate governance regulations, an audit firm registration policy and corporate restructuring guidelines.

He added that regular investor education programmes are being conducted to raise awareness. Educational content is being disseminated through television, social media and online platforms, while training programmes are also being carried out across the country.

More than 30 per cent of food produced in South Asia is lost or wasted every year, enough to feed nearly 300 million people, according to a World Bank report.

Prevention of food loss or waste is one of the key measures that holds the key to the future of South Asia's food economy beyond production alone, it says, adding that by transforming food systems from farm to market, the region can generate millions of jobs, reduce food loss, improve nutrition, attract investment and strengthen exports.

The report says South Asia's agriculture sector, valued at more than USD 700 billion annually, has the potential to unlock millions of jobs and billions in investments through food systems transformation, according to the World Bank.

With millions of young people entering the workforce every year, creating sustainable jobs has become one of the region's most pressing priorities. The World Bank says transforming food systems beyond the farm can unlock significant opportunities for employment, investment, economic growth and poverty reduction.

The report by the World Bank-led South Asian Policy Leadership for Improved Nutrition and Growth (SAPLING) was presented at a high-level regional policy dialogue in Ahmedabad today.

The region's agriculture sector employs nearly 43 per cent of the workforce. However, despite its scale, agriculture contributes only around 16 per cent of the region's GDP, the report says.

Experts emphasised that the next phase of agricultural transformation lies not merely in increasing production but in expanding food processing, storage, logistics, marketing and value addition. These activities can create millions of productive jobs while reducing food losses and increasing farmers' incomes, the report says.

According to the World Bank report, South Asia possesses strong fundamentals to emerge as a global leader in food systems. Rapid urbanisation, a growing middle class, rich agro-biodiversity and rising demand for safe and high-quality processed food are creating new opportunities for investment and innovation.

To accelerate this transformation, the World Bank Group is advancing a combined approach through AgriConnect and SAPLING.

AgriConnect, a global platform, aims to connect 300 million farmers to markets by 2030 through investments in infrastructure, policy reforms and private capital mobilisation. The initiative is already supporting projects and reforms across countries including India, Bangladesh and Sri Lanka.

SAPLING serves as a regional platform that brings together governments, investors, development partners and innovators to promote policy reforms, develop investment pipelines and scale successful solutions across the region.

Participants at the SAPLING High-Level Policy Dialogue highlighted the importance of coordinated action by governments, businesses, investors and development institutions in the region.

Investors were encouraged to support cold chains, warehousing, logistics hubs, processing clusters, agro-industrial parks and emerging agri-enterprises. Companies were urged to build integrated value chains, adopt digital technologies for traceability and quality assurance, and invest in workforce skills and capacity building.

The report suggests policymakers promote food processing zones, improve logistics infrastructure, simplify food safety and certification systems, strengthen public-private partnerships and create a more investment-friendly business environment.

It says international financial institutions can play a catalytic role by expanding blended finance mechanisms, supporting policy reforms linked to investment opportunities and reducing risks associated with private sector investments in food systems.

The two-day South Asian dialogue brings together around 200 participants, including policymakers, industry leaders, development partners, innovators, researchers, start-ups and representatives from South Asian countries, to deliberate on strengthening food processing ecosystems and building resilient, inclusive and sustainable food systems in the region.

China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers ​across the country, Bloomberg News reported on Tuesday, as ‌Beijing looks to challenge the US in the intensifying AI race.

National Development and Reform Commission is among key government agencies drafting a blueprint ​to build a network of inter-connected computing hubs across ​the country, the report said, citing people familiar ⁠with the matter.

China's new five-year policy blueprint laid out its ​ambitions to aggressively adopt AI throughout the world's second-biggest economy and dominate ​emerging technologies such as quantum computing and humanoid robots.

State firms such as China Mobile and China Telecom will operate the bulk of the data ​centers and ensure they are connected, according to the ​Bloomberg News report.

The idea is to rely on local suppliers, including Huawei Technologies ‌for ⁠at least 80 percent of technology such as AI chips, effectively squeezing out Nvidia and Advanced Micro Devices, the report said, adding that the data-center blueprint remains in early discussions and ​details could change.

This ​comes as Big ⁠Tech companies in the US are expected to spend more than $700 billion this year to ​fund their AI buildout plans.

China Mobile, China Telecom ​and ⁠National Development and Reform Commission did not immediately respond to Reuters' requests for comment.

Reuters reported last year that the Chinese government issued ⁠guidance ​requiring new data center projects that ​have received any state funds to only use domestically made AI chips.

The government is set to make it mandatory for businesses to have a Business Identification Number (BIN) to open merchant accounts with mobile financial services (MFS) providers in the fiscal year 2026-27 national budget.

Under the proposed measure, businesses seeking to open merchant accounts with any MFS provider will be required to submit either a valid BIN or proof of enrolment.

Merchant accounts allow businesses to receive digital payments from customers through platforms such as bKash, Nagad, Rocket and Upay.

“A provision will be incorporated into the Finance Bill 2026 to expandthe value-added tax (VAT) base,” said a finance ministry official familiar with the matter, requesting anonymity.

The proposal is part of a broader set of provisions that would make BINs or enrolment certificates mandatory for a range of business-related services, as an effort to strengthen VAT compliance, expand the formal tax net and improve monitoring of business transactions conducted through digital financial platforms.

Finance Minister Amir Khosru Mahmud Chowdhury is expected to formally propose the measure while presenting the national budget in parliament on June 11.

Officials said the proposal has already received in-principle approval from Prime Minister Tarique Rahman at a high-level meeting.

However, industry insiders criticised the move, warning that it could discourage small businesses from adopting digital payments and slow the country’s transition towards a cashless economy.

“This move may set back the journey towards a cashless society. Many small vendors and marginal merchants are reluctant to enter the formal sector because they fear additional compliance requirements and administrative hassles,” said a market insider, requesting anonymity.

The insider added that making BINs mandatory for merchant accounts could discourage some businesses from using digital payment platforms altogether.

There are currently nearly 10 lakh merchant account holders across the country, according to industry sources.

The finance ministry official said the government may also make BIN registration mandatory in several other areas, including opening and operating current or short-term deposit accounts with banks and non-bank financial institutions, obtaining loans, renewing trade licences, securing memberships in trade bodies, obtaining electricity and gas connections, and registering vehicles in the name of a business.

Officials familiar with the proposal said the requirement is intended to bring more businesses into the formal economy and improve the government’s ability to track commercial activities that currently take place outside the tax system.

OPEC+ agreed on Sunday a fourth increase in its oil output targets in as many months, even though the US war with Iran is still preventing several of the group's members from pumping more.

The war has cut oil flows via the Strait of Hormuz, creating the world's biggest-ever supply crisis as key OPEC+ members including Saudi Arabia have been unable to supply customers in full since the end of February. The crisis for OPEC+ deepened when the United Arab Emirates left the Organization of the Petroleum Exporting Countries after almost 60 years.

Seven core members of OPEC+, which groups OPEC and allied producers including Russia, have increased their output quotas from April to June by almost 600,000 barrels per day.

In reality, the group's production has collapsed due to export cuts by Gulf members, averaging 33.19 million bpd in April compared with 42.77 million in February, according to OPEC figures.

Impact of production target increase

On Sunday, the seven members decided to increase targets by 188,000 bpd from July, OPEC said in a statement. This is the same as the June hike, which was adjusted down from monthly increases of 206,000 bpd in May and April to take into account the UAE exit.

Iraq's oil output quota will increase by 26,000 bpd from July under the agreement, an oil ministry spokesperson told Iraq's state news agency.

"An OPEC+ production increase means very little while the Strait of Hormuz remains closed," said Jorge Leon, an analyst at Rystad and a former OPEC official.

"When the Strait of Hormuz reopens, the market could move very quickly from fear of shortage to fear of surplus."

On Friday, oil prices fell to around $93 a barrel as traders gained confidence that renewed conflict between the US and Iran was growing less likely. Prices were close to $72 before the war began.

OPEC+ almost done with unwinding 2023 output cut

The seven countries are increasing production as part of the gradual unwinding of a 1.65 million bpd production cut that the group, which at the time included UAE, agreed in 2023.

From July, the seven have about 567,000 bpd of the original cut to return to the market, taking into account the UAE exit from 1 May, according to Reuters calculations.

That would mean the rest of the cut will be unwound by the end of September should OPEC+ stick to monthly hikes of about 188,000 bpd for August and September.

The seven of 21 OPEC+ members who met on Sunday are Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia and Oman. In recent years, only the seven plus the UAE - when it was a member - have been involved in the group's output policy decisions.

In a separate meeting on Sunday of all OPEC+ members, the ministers made no change to group-wide output policy that is in place until the end of 2026, OPEC+ said in another statement.

OPEC+ is carrying out a review of its members' oil production capacity to be used as a reference for 2027 production baselines, from which quotas are set. The group on Sunday affirmed the importance of completing the assessment, the statement said.

Asian stocks plunged on Monday as investors rushed out of the hottest AI-linked shares on fears the bull run has gone too far, too fast and as fresh hostilities in Iran pushed up oil prices.

The twin triggers for a rout that is highlighting a fragile market mood were last week's disappointing outlook at chipmaker Broadcom and a surprisingly strong US jobs report on Friday that has traders pricing a rate hike this year.

Korea's chip-heavy KOSPI, the world's best-performing market this year, led losses in Asia with a 5% slide that has the benchmark down 13% from last week's record high.

Japan's Nikkei fell almost 4% with market darlings across the computer-chip production supply chain falling furthest, while Taiwan's benchmark sank 3.9%.

Nasdaq futures were attempting a recovery following a sharp selloff on Friday and European futures fell 1%.

The Nasdaq dropped 4.2% on Friday.

"The move looks more like a positioning and momentum unwind than a reassessment of the long-term AI story," said Marc Velan, head of investments at Lucerne Asset Management in Singapore.

"Korean technology names have been among the strongest performers globally and were heavily owned, so when rate expectations shifted after the jobs report, they became a natural source of liquidity."

In bonds, 2-year Treasury yields rose more than 11 basis points on Friday and were up 1.6 bps on Monday to 4.1782%.

"The AI-drives-everything narrative frayed last week," said Bob Savage, head of markets macro strategy at BNY.

"Whether this is a healthy pause in the nine-week equity rally or a top remains the key question. The IPO focus on SpaceX and Anthropic is part of the pause – whether to make room for the new market cap or to rethink value."

Inflation and ECB ahead

The Middle East situation also remains delicate and Brent crude futures were up about 3.5% to $96.45 a barrel on Monday after Israel said it struck military targets in western and central Iran.

The week ahead is headlined by the giant SpaceX listing, expected to price on Thursday and trade on Friday, but inflation will also be in focus with US consumer price data due on Wednesday and central bank meetings in Canada and Europe.

Last week, bitcoin notched its heaviest weekly drop since the collapse of crypto exchange FTX in late 2022, falling about 16%. It was hovering just shy of $63,000 on Monday.

SpaceX's debut is expected to be followed by other major IPOs in the coming months from Anthropic and OpenAI, raising so much money that brokers are nervous it could draw down other assets.

"The market regime has potentially shifted from moderate inflation and rate cuts to potential 'overheating' contributing to higher Treasury yields, a higher path of short-term interest rates and tighter liquidity," said Nick Ferres, CIO of Vantage Point Asset Management in Singapore.

OPEC+ on Sunday agreed to the fourth increase in its oil output targets in as many months.

In currency trading, the dollar was firm and holding above 160 yen and it pushed the Australian dollar to $0.7055. The euro hovered at $1.1531.

The benchmark index of the Dhaka Stock Exchange (DSE) ended its impressive 10-session winning streak today (8 June) as investors moved to lock in gains following the market's recent rally.

The DSEX shed 33 points, or 0.61%, to close at 5,482, as market participants adopted a cautious stance ahead of the upcoming national budget, market insiders said.

The market remained under pressure from the opening bell, extending the corrective trend that emerged during the latter part of the previous session. Persistent selling across a wide range of stocks kept all major indices in negative territory throughout the day.

The blue-chip DS30 index also declined, losing 18 points to settle at 2,069.

Market breadth strongly favoured the bears, with 247 issues declining against 102 gainers, while 44 stocks remained unchanged on the DSE trading floor.

The broad-based sell-off wiped out nearly Tk1,600 crore from the market capitalisation of the country's premier bourse in a single session.

Investor participation also weakened significantly. Turnover on the DSE fell by 30% to Tk1,072 crore, suggesting that many investors preferred to stay on the sidelines while awaiting potential policy signals from the national budget.

According to EBL Securities' daily market review, concerns surrounding the upcoming budget played a key role in cooling the market's recent bullish momentum.

Several heavyweight stocks exerted downward pressure on the benchmark index, including Square Pharmaceuticals, Beximco Pharmaceuticals, BRAC Bank, LafargeHolcim Bangladesh and British American Tobacco Bangladesh.

Sector-wise, general insurance led trading activity, accounting for 19.2% of total turnover, followed by engineering and pharmaceutical stocks.

Most sectors closed lower, with services, cement and financial institutions posting notable declines. However, general insurance, paper and tannery shares bucked the trend and recorded modest gains.

Among individual stocks, Anwar Galvanizing emerged as the day's top gainer, advancing nearly 10%. Shyampur Sugar Mills and Zeal Bangla Sugar Mills also hit their upper circuit limits.

On the losing side, Nahee Aluminum topped the decliners' list, falling more than 6%, followed by Fareast Finance and SS Steel.

Dominage Steel, Genex Infosys and NCC Bank featured among the most actively traded stocks during the session.

The bearish sentiment was also reflected at the Chittagong Stock Exchange (CSE), where the CASPI index dropped 84 points to close at 15,314. Turnover at the port-city bourse declined 24% to Tk43 crore.

Russian Foreign Minister Sergey Lavrov yesterday (8 June) said Russia will welcome Bangladesh as a candidate for the BRICS membership once the process resumes, stressing that advantages from the BRICS membership are obvious.

"As for BRICS, the ten members currently comprising the group have agreed to put the admission of new members on hold for the time being, because just two years ago the number of BRICS members doubled overnight, and we need a little time to adjust to the new lineup," he said after his bilateral talks with Foreign Minister Khalilur Rahman in Moscow.

"But our stance on Bangladesh's candidature when this pause is over is as follows: we will welcome the candidature of this large and important Asian nation," Lavrov added.

BRICS brings together eleven major emerging markets and developing countries of the world: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and United Arab Emirates.

It serves as a useful platform for consultation and cooperation on contemporary issues having global as well as regional significance and issues of global political and economic governance.

According to the top Russian diplomat, advantages from the BRICS membership are obvious.

That is why "a big number of countries, more than the current number of BRICS members, want to join for these advantages," he said.

"We fully understand the aspirations of the applicants, including our friends from Bangladesh, who are already members and shareholders of the New Development Bank and are very pleased with such participation," said the Russian Foreign Minister.

Bangladesh and Russia have broad opportunities to scale up bilateral trade volumes, Foreign Minister Khalilur Rahman said at a joint press conference with Russian Foreign Minister Sergey Lavrov.

He said they discussed the need for further expanding our ties in different fields; there is ample scope for substantially increasing our trade volumes in both ways.

"We discussed the ways in which we could accomplish this and will continue to have some of the ideas on the table, like the possibility of granting duty-and quota-free treatment, and to assist us to complete a preferential agreement with Eurasian Economic Union," Khalilur said.

The vast potential for cooperation exists also in the labor resources sphere, he added.

A delegation from the Export-Import Bank of China (China Exim Bank) is scheduled to meet Bangladesh Bank today to discuss the possibility of Bangladesh joining China's Cross-Border Interbank Payment System (CIPS) and issuing Panda Bonds, according to central bank officials.

The discussions come as China seeks to expand the use of its financial infrastructure and currency in cross-border transactions, while Bangladesh explores options to diversify payment channels and financing sources.

A senior Bangladesh Bank official told The Business Standard that the Chinese delegation would present proposals on the two initiatives before the central bank assesses their feasibility and potential implementation.

"The China Exim Bank delegation is expected to arrive today. They want to discuss Panda Bonds and the Cross-Border Interbank Payment System (CIPS). They will present their ideas, and the central bank will then consider whether these can be implemented," the official said.

The delegation is also expected to hold meetings with the Finance Division, the Bangladesh Investment Development Authority (Bida) and the Bangladesh Economic Zones Authority (Beza).

China has previously proposed that Bangladesh join its payment network, particularly amid growing complexities in international financial transactions following Western sanctions on Russian banks and broader shifts in the global economic landscape.

In March 2024, Yao Wen discussed the CIPS initiative with the then-governor of Bangladesh Bank.

According to Bangladesh Bank sources, CIPS could become the second major international payment network used by Bangladesh after the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, which dominates global financial messaging.

Sources said Bangladesh Bank has already opened a nostro account with China's central bank. A nostro account is a bank account held by a domestic bank in a foreign bank in the currency of the country where the account is maintained.

Although some Bangladeshi banks maintain nostro accounts in China, their use remains limited because most international trade transactions are still conducted in US dollars.

What is a Panda Bond?

Panda Bonds are yuan-denominated bonds issued in China's domestic bond market by foreign governments, international financial institutions or multinational corporations.

The instruments allow foreign issuers to raise funds directly from Chinese investors. The bonds are denominated in Chinese yuan (RMB), while investors are primarily Chinese institutions, although foreign investors may also participate in certain cases.

Bida meeting to focus on investment issues

Nahian Rahman Rochi, executive member and head of business development at Bida, said the Chinese delegation has a scheduled meeting with the investment promotion agency.

"Various investment-related issues will be discussed during the meeting. However, CIPS and Panda Bonds are primarily on the agenda for discussions with Bangladesh Bank and are not directly under Bida's purview," he said.

Economists view China's CIPS initiative as a potentially strategic alternative payment channel for Bangladesh, although they caution that its practical benefits will depend largely on bilateral trade and financial flows.

Mohammad Abdur Razzaque, chairman of the Research and Policy Integration for Development (RAPID), said alternative payment systems could serve as an important long-term strategic option for Bangladesh.

"These initiatives can be positive for Bangladesh, but their actual benefits will depend on the volume and direction of trade and financial transactions between the two countries," he told TBS.

Razzaque noted that Bangladesh imports significantly more from China than it exports, meaning that introducing yuan-based transactions alone would not automatically generate substantial benefits.

He argued that greater Chinese investment, loans and project financing would be necessary to make cross-border settlements under CIPS more effective.

"If China increases investment in economic zones, infrastructure projects and industrial sectors, or extends financing in yuan, those inflows could facilitate cross-border settlements. Otherwise, Bangladesh may still need to rely on the US dollar for a large share of its transactions," he said.

"It opens up a new possibility, but the extent of the real benefits will depend on the future trajectory of economic relations and transaction flows between the two countries," he added.

Bangladesh’s economy appears to have expanded at a faster pace in May than in the previous month, supported largely by stronger activity in the manufacturing and services sectors, as the Bangladesh Purchasing Managers’ Index (PMI) climbed 8.2 points from April to 62.8 in May.

Meanwhile, the construction sector returned to expansion, while growth in the agriculture sector slowed, according to the May PMI report released by the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, and Policy Exchange Bangladesh (PEB).

“The May PMI shows that the Bangladesh economy moved onto a stronger expansionary path, with manufacturing, construction and services recording faster growth compared with April,” said M Masrur Reaz, chairman and CEO of PEB.

“Although the Middle East conflict has continued to raise energy costs, disrupt supply chains and sustain inflationary pressures, stronger domestic demand and increased business activity ahead of Eid appear to have supported broader-based expansion across major sectors.”

The PMI is a pioneering initiative designed to provide timely and accurate insights into the country’s economic health, helping businesses, investors and policymakers make informed decisions.

It was developed by MCCI and Policy Exchange, with support from the UK government and technical assistance from the Singapore Institute of Purchasing & Materials Management (SIPMM).

According to the report, the agriculture sector recorded its ninth consecutive month of expansion, albeit at a slightly slower pace.

Business activity and employment posted stronger growth, while new business and input costs expanded at a slower rate. However, the order backlogs index remained in contraction.

The manufacturing sector registered faster expansion, marking its second consecutive month of growth. The stronger performance was driven by robust increases in new orders, new exports, input purchases and employment.

Growth in factory output and input prices moderated. Contractions in finished goods persisted, although supplier deliveries contracted at a slower pace. Both imports and order backlogs returned to expansion.

The construction sector returned to growth after three consecutive months of contraction. New business, construction activity and employment all reverted to expansion.

Input costs expanded at a faster pace, while the growth of order backlogs slowed.

The services sector expanded for the 20th consecutive month and at a faster pace than in April. Business activity, employment and input costs all recorded stronger growth, while new business returned to expansion. However, order backlogs contracted at a faster pace.

Respondents across Bangladesh’s major economic sectors said business conditions remained challenging in May 2026 due to persistent electricity and energy shortages, rising fuel prices, increasing labour costs and higher transportation expenses.

Many firms reported that electricity disruptions continued to affect productivity and production schedules, while escalating input costs further squeezed profit margins.

Several respondents expressed concerns over the potential economic impact of ongoing geopolitical tensions in the Middle East, particularly the risk of higher fuel prices, supply-chain disruptions and weaker export demand.

Agricultural businesses highlighted weather-related uncertainties affecting seed sales and production planning. Some firms also raised concerns about imported rice, high bank interest rates and the broader slowdown in domestic economic activity.

Despite these challenges, a number of respondents remained cautiously optimistic, expecting business conditions to improve if the energy situation stabilises, economic conditions strengthen and supportive policy measures are introduced for businesses, particularly SMEs.

The Bangladesh Bank has launched four refinance schemes worth a combined Tk 19,000 crore to ease financing constraints on small businesses and farmers, stimulate green investment, generate employment and reduce the country’s heavy dependence on the readymade garment sector for export earnings.

The central bank announced the funds through separate circulars issued on June 7 and June 8, covering a Tk 5,000 crore working capital fund for cottage, micro, small and medium enterprises (CMSMEs); a Tk 3,000 crore export diversification scheme; a Tk 10,000 crore agricultural refinance scheme; and a Tk 1,000 crore green industries and factories fund.

Under all four schemes, participating banks may obtain refinancing from Bangladesh Bank at rates ranging from 2 to 4 percent and lend to customers at maximum rates between 5 and 9 percent, depending on the scheme.

Funds for the CMSME and the export diversification schemes will be drawn from the surplus liquidity of scheduled banks, while the agriculture and green factory schemes will be funded from Bangladesh Bank’s own resources.

The announcements come as businesses continue to struggle with high borrowing costs, liquidity shortages and weak demand, while policymakers seek to broaden the country’s export base and strengthen food security amid growing global competition.

Tk 5,000cr FOR CMSMEs

CMSMEs remain a key driver of Bangladesh’s economy through job creation, support for local industries and production of import-substituting goods. Yet many such enterprises struggle to secure adequate working capital, preventing them from operating at full capacity.

The revolving fund will stay operational for three years. It will cover working capital loans and investments extended to CMSMEs that cannot run at full capacity due to working capital shortages.

Renewed working-capital facilities will also qualify. Borrowers classified as defaulters in the Credit Information Bureau (CIB) database will not be eligible.

The central bank said the objective of the fund is to help businesses increase production capacity, strengthen economic activity and create both direct and indirect employment opportunities across the country.

Tk 3,000cr FOR EXPORTS

The export refinance scheme targets non-garment sectors, with the BB citing the economy’s heavy concentration in RMG as a vulnerability to sector-specific shocks and shifts in global demand.

Refinancing support will be available for industries listed under the highest-priority and special development sectors in the Export Policy 2024-27. Priority will go to producers and exporters using domestically sourced raw materials, particularly in jute and leather.

Financing will be in the form of term loans or investments in local currency. The scheme will run for three years and may include a grace period of up to six months, BB stated in the circular.

Borrowers must maintain a satisfactory credit record. Defaulters will not qualify, and applications will be rejected if export proceeds are not repatriated through the formal banking channel.

Participating banks will also be required to collect updated CIB reports before applying for refinancing support.

According to the BB, many export-oriented industries possess strong growth potential but have failed to expand because of inadequate access to financing. The refinance facility is expected to address this gap and encourage fresh investment in emerging export sectors.

Tk 10,000cr FOR AGRI AND LIVESTOCK

The scheme, the largest of the four, is aimed at boosting agricultural production, strengthening national food security and generating employment in rural areas.

Scheduled banks participating in BB’s agricultural and rural credit programme will receive refinancing at 4 percent and may lend to farmers and entrepreneurs at a maximum of 8 percent.

The five-year fund, financed from the central bank’s own resources, will be managed by its Agricultural Credit Department-1.

The scheme covers crop cultivation, fisheries, livestock, agricultural machinery, irrigation equipment and other income-generating agricultural activities.

Small and marginal farmers may obtain loans of up to Tk 5 lakh for crop production without collateral, against crop hypothecation.

Loan ceilings have been set at Tk 30 lakh for crop production; Tk 15 lakh for livestock and other agricultural activities; Tk 20 lakh for agricultural machinery; and Tk 1 crore for fisheries and livestock projects.

Banks will be required to maintain separate accounts, submit regular reports and ensure proper monitoring of loan utilisation and recovery under the scheme.

Tk 1,000cr FOR GREEN INDUSTRIES AND FACTORIES

The fund is designed to accelerate investment in green industries and environmentally sustainable factory buildings, in support of Bangladesh’s climate and sustainable development goals.

Under the scheme, banks and financial institutions will be able to access refinance support at a 2 percent interest rate -- the lowest rate among the four schemes -- and lend to eligible borrowers at a maximum of 5 percent.

The scheme’s tenure will range from three to 10 years, with a grace period of up to one year. The fund, sourced from Bangladesh Bank’s own resources, will take immediate effect.

The facility will finance the establishment of green industries and factory buildings certified or pre-certified under internationally recognised standards, including LEED, EDGE, BEEER and GreenARCH.

A single borrower may receive up to Tk 100 crore, with projects required to maintain a minimum debt-equity ratio of 70:30. Defaulted borrowers will not be eligible.

Participating banks and financial institutions must comply with the BB’s sustainable finance, environmental and social risk management, and climate risk management and disclosure guidelines.

MONITORING

To access any of the four facilities, scheduled banks must sign participation agreements with the BB and meet all relevant risk management and regulatory requirements.

The central bank will monitor fund utilisation through reporting requirements and on-site inspections. Misuse of funds, submission of inaccurate information or non-compliance with scheme conditions could result in cancellation of refinancing facilities and financial penalties.

After more than a decade of delays due to administrative, financing and implementation hurdles, the proposed Chinese Economic and Industrial Zone in Chattogram's Anwara upazila is finally moving towards implementation.

The Bangladesh Economic Zones Authority (Beza) is working to complete the developer agreement and secure approval for the project's supporting infrastructure before Prime Minister Tarique Rahman's scheduled four-day visit to China starting on 23 June.

As part of that effort, a Tk4,189.46 crore infrastructure development project for the economic zone will be placed before the Executive Committee of the National Economic Council today (9 June).

The project has been initiated by the Prime Minister's Office, while Beza will serve as the implementing agency.
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According to sources, a delegation from the Export-Import Bank of China (China Exim Bank) is scheduled to meet Beza tomorrow to discuss financing arrangements, infrastructure development and implementation mechanisms.

"We hope to complete the developer agreement with the Chinese company within this month," Beza Executive Chairman Ashik Chowdhury told The Business Standard yesterday.

"Our target is to finalise the agreement before the prime minister visits China," he added.

The Chinese economic zone is being developed on nearly 800 acres in Anwara under a government-to-government initiative between Bangladesh and China. Although the two countries reached an understanding on the project in 2014, progress remained stalled for years due to complications surrounding developer selection, financing arrangements and administrative procedures.

Initially, China Harbour Engineering Company Limited was expected to develop the project, but failure to finalise an agreement led to years of delays. In 2022, the Chinese government nominated China Road and Bridge Corporation as the new developer.

Officials said preparation and approval of the Development Project Proposal also took considerable time. While Beza is responsible for off-site infrastructure such as roads, gas, electricity and water connections, the developer will carry out internal development works. Lack of coordination between the two components slowed implementation.

According to Beza, all required land acquisition has already been completed and infrastructure construction can begin once the developer agreement is signed.

Under the revised development project proposal submitted to Ecnec, the project includes construction of a multipurpose jetty with a capacity of 20,000 deadweight tonnes, a jetty access road and bridge, four-lane roads, a 25-million-litre central effluent treatment plant, power substations and transmission lines, gas supply facilities, water reservoirs, boundary walls and other supporting infrastructure.

Of the total project cost, Tk1,722 crore will come from government funds, while Tk2,467 crore is expected from China's Preferential Buyer's Credit facility.

Explaining the rationale behind the site selection, Beza said the upazila was chosen for the project due to its strong geographical and economic advantages, making it a strategically important location.

The area is situated close to key national infrastructure, including Chittagong Port, Karnaphuli Tunnel, Shah Amanat International Airport, and several industrial hubs in the port city.

Beza estimates the economic zone will generate at least 100,000 direct and indirect jobs and attract around $500 million in foreign investment. The zone is expected to draw investment in textiles, pharmaceuticals, light engineering, information technology and other manufacturing sectors.

Major General (retd) Md Nazrul Islam, executive member (Planning and Development) at Beza, told TBS that the project would be implemented over five years if approved by Ecnec and is scheduled for completion by 31 December 2031.

"Although five years have been allocated for the entire project, we expect to prepare at least 60% of the factory-ready industrial plots within the first three years," he said.

Startups and IT-based businesses may no longer have to pay turnover tax from the next fiscal year, as the government looks to encourage entrepreneurship and innovation.

Around 5 lakh freelancers and individual content creators are also likely to be exempt from the existing 7.5 percent source tax in the 2026-27 national budget.

In addition, the government is considering reducing source tax on mobile network services, such as phone calls, text messages and data packages, from 12 percent to 10 percent.

“A zero turnover tax provision is likely to be applicable for innovative startups, marking one of the most notable fiscal relaxations for the sector in recent years,” said a finance ministry official, seeking anonymity.

A startup is a newly established business, usually small, built around an innovative idea, product or service. Under tax law, annual turnover must be below Tk 100 crore to qualify in this category. Some well-known local startups include Pathao, Shohoz.com and Chaldal.com.

According to industry estimates, Bangladesh now has more than 1,200 active startups, directly and indirectly employing around 15 lakh people. These small businesses currently pay a 0.1 percent turnover tax -- a tax levied on the gross sales of a business regardless of expenses or profitability.

On the other hand, an IT-based business is any company that mainly uses information technology to deliver products or services, ranging from Facebook pages selling goods to mobile financial services such as bKash.

Regarding the budget boost for the telecom sector, finance ministry officials said the government plans to impose 15 percent VAT on SIM cards instead of the existing flat fee of Tk 300.

They said these measures are designed to support the country’s rapidly expanding digital economy at a time of intensifying global competition in the tech sector.

Finance Minister Amir Khosru Mahmud Chowdhury is expected to formally propose the measures while presenting the national budget in parliament on June 11. Officials said the proposals have already received in-principle approval from Prime Minister Tarique Rahman at a high-level meeting last month.

Industry people said removing the turnover tax could help new startups survive the critical early years, when many businesses struggle with cash flow and operational sustainability.

Former BASIS president AKM Fahim Mashroor said the decision would particularly benefit early-stage firms, allowing them to reinvest initial revenues into growth rather than tax payments, and that easing fiscal pressure could improve survival rates among early-stage companies.

Raisul Kabir, founder and chief executive officer of Brain Station 23, one of Bangladesh’s largest software firms, also welcomed the move, saying tax burdens often weigh heavily on businesses in their early stages.

Kabir said simplifying the tax structure would allow entrepreneurs to focus more on building products and scaling operations.

While welcoming the zero turnover tax proposal for startups, Pathao chief executive officer Fahim Ahmed said the eligibility criteria must be designed in a non-restrictive way so that companies generating meaningful revenues can also benefit.

He said previous proposals placed undue restrictions on operational duration and maximum turnover when determining eligibility.

Ahmed also called for a reduction in withholding tax and VAT withholding at source for startups and tech-enabled firms, saying most operate in informal sectors where vendors often do not have a tax or VAT footprint.

“The requirement to withhold taxes and VAT from such vendors results in a cost increase for such startups and ultimately limits scalability or risks passing such cost burden to the customers,” he said.

In the next budget, the government is also considering exempting income from annual turnover of up to Tk 50 lakh for SME entrepreneurs, and up to Tk 70 lakh for women entrepreneurs and entrepreneurs with disabilities.

To promote industrial decentralisation, it may introduce accelerated depreciation benefits for investment in plant, machinery and equipment for manufacturing, tourism and sports facilities outside the Dhaka and Chattogram city corporation areas.

The proposed incentive would allow businesses to claim depreciation at 60 percent in the first year and 40 percent in the second year.

Officials said the measures are aimed at boosting private investment, supporting small businesses and creating jobs across the country.

China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms like Temu, Shein and AliExpress.

The business models, based on flying $5 dresses from Chinese factories to shoppers around the world, were already under pressure after US President Donald Trump introduced tariffs and axed customs waivers on low-value parcels last year.

Soaring logistics costs stemming from the Middle East conflict are adding to the strain, data shows and industry insiders say, with shippers like DHL Express imposing hefty fuel surcharges.

China's low-cost e-commerce exports, which have surged over the past six years, fell 10.9% in April to $9.81 billion, the fifth consecutive month of declines compared to a year ago, according to an analysis of Chinese customs data by Luxembourg-based consultancy Trade and Transport Group.

Passing on costs to consumers

Diana Qiao, a Shenzhen-based seller of women's clothing on Temu, said she had raised her selling prices by $2 because her shipping cost per garment had increased on average by $1.

"The final burden is ultimately borne by consumers," said Qiao, adding that the increase was needed to protect her profit margins, and sales have declined slightly but she does not so far see a need to change her shipping arrangements.

Falling export values are an indication not just of the cost squeeze, but also that the era of hyper-growth for the large low-cost shopping platforms may be over, analysts and industry insiders say.

They are likely moving more products in bulk into warehouses to dispatch locally rather than flying everything direct from China, said Frederic Horst, Trade and Transport Group's managing director.

"It would make sense given the air freight cost relative to the value of the product," he said. "If you're buying a top that is 300-400 grams you're getting to the stage where air freight is 60% of the cost."

Shein has been expanding its warehouse capacity in Europe, last month opening its third warehouse in Cannock, near Birmingham in Britain.

A spokesperson at AliExpress owner Alibaba told Reuters it remained focused on "maintaining value-for-money pricing for consumers and providing a stable environment for sellers and consumers despite the volatility in global transportation costs".

Shein and Temu did not respond to questions about the effect of air freight costs on their businesses.

Platforms face weaker demand as business matures

To be sure, exports are still much higher than they were two years ago, and the start of 2025 was marked by significant frontloading ahead of US tariffs.

But returning to the growth of the past few years will be harder as Shein and Temu have already gained significant market share and surging petrol prices are hurting household budgets in the US and Europe. The European Union is also set to impose a €3 fee on low-value e-commerce parcels from 1 July.

Air freight costs have an impact but the platforms are also in a slower-growth phase and consumption overseas is decreasing because of inflation, said a China-based freight forwarding executive who declined to be named because he is not authorised to speak to the media.

Air freight rates are likely to stay high because of jet fuel prices and will take time to fall even if the Iran conflict ends, said Judah Levine, freight platform Freightos' head of research.

"If the costs stay very high, or even increase further, companies may switch to other modes of transport or hold back some of their shipments," said Martin Habisreitinger, Hellmann Worldwide Logistics' chief operating officer of airfreight.

Bangladesh on Monday sought Spain’s support at the United Nations General Assembly (UNGA) for its smooth graduation from the Least Developed Country (LDC) category.

The appeal was made when Spanish Ambassador to Bangladesh Gabriel María Sistiaga Ochoa de Chinchetru called on State Minister for Foreign Affairs Shama Obaed Islam at the foreign ministry here, said a ministry’s press release.

During the meeting, the state minister highlighted the importance of strengthening bilateral and multilateral cooperation and sought Madrid’s backing for Bangladesh’s post-LDC transition efforts.

Shama also reiterated the need for stronger and sustained international attention and support to resolve the protracted Rohingya crisis.

The Spanish envoy congratulated Bangladesh on its election to the presidency of the 81^st session of the United Nations General Assembly (UNGA) for the term 2026-2027.

Both sides underscored the importance of a Free Trade Agreement (FTA) between Bangladesh and the European Union to boost trade and economic cooperation.

The two sides reaffirmed their commitment to advancing the mutually beneficial partnership between Bangladesh and Spain and explored avenues for expanding cooperation in trade, investment, supply chains, railway connectivity, education, skills development, migration, sports, culture and people-to-people exchanges.

They also discussed the possibility of holding bilateral consultations and arranging high-level visits to further strengthen bilateral relations.

The discussions also covered regional and global developments, with both sides emphasizing the importance of peace, stability and enhanced international cooperation.

Bangladesh Bank (BB) on Monday launched a Tk 50 billion (Tk 5,000 crore) revolving refinance fund for the Cottage, Micro, Small and Medium Enterprise (CMSME) sector to ease working capital shortages, boost production and support employment generation.

The central bank introduced the fund through an SMESPD circular issued by its SME and Special Programmes Department, utilizing surplus liquidity of scheduled banks. The scheme will remain effective for three years from the date of issuance.

According to the circular, the fund aims to strengthen production activities, revive economic momentum and create direct and indirect employment opportunities by providing working capital support to active CMSMEs facing financial constraints.

Under the scheme, Bangladesh Bank will provide refinance to participating banks at an interest or profit rate of 4 percent, while banks may charge a maximum interest or profit rate of 9 percent to end borrowers.

The revolving nature of the fund will ensure continued liquidity as repayments are recycled into new financing. Interest will be calculated quarterly in March, June, September and December.

Borrowers will be eligible for a grace period of three to six months before repayment of installments begins.

The circular directs Shariah-based banks and Islamic banking windows of conventional banks to provide financing under approved Shariah-compliant models while maintaining the maximum profit rate of 9 percent and complying with all conditions of the scheme.

Active CMSMEs experiencing production or service disruptions due to working capital shortages will be eligible for financing under the fund. Refinance facilities will also be available against renewed working capital loans.

However, borrowers classified as defaulters by the Credit Information Bureau (CIB) will not qualify for the facility.

Bangladesh Bank said clients already benefiting from other refinance schemes may also be considered for financing under the new fund, subject to banks’ assessment and credit limits.

All scheduled banks will be eligible to participate after signing a Participation Agreement with Bangladesh Bank’s SME and Special Programmes Department.

Banks maintaining an advance-to-deposit ratio (ADR) or investment-to-deposit ratio (IDR) above 70 percent will receive priority in accessing the fund, although they must remain within overall regulatory limits.

The central bank said participating banks would bear full responsibility for loan recovery and would be required to repay Bangladesh Bank regardless of whether funds are recovered from borrowers.

To mitigate credit risk, banks may obtain collateral from clients but will not be allowed to charge any fees beyond the approved Schedule of Charges.

Bangladesh Bank expects the fund to contribute to income growth, employment generation and the development of import-substituting products and services, while supporting small entrepreneurs and stimulating industrial activity.

Issued under Section 45 of the Bank Company Act, 1991, the circular takes immediate effect. Bangladesh Bank also reserved the authority to inspect loan utilization and seek relevant documents from participating banks to ensure compliance with the scheme’s provisions.

The central bank has found the Section 18(a) of the Bank Resolution Act, which provides for ownership return of the merged troubled banks not 'maintainable' and has recommended its deletion.

Bangladesh Bank Governor Md Mostaqur Rahman expressed such view Monday as Editors' Council in a meeting with him expressed deep concern over the impugned section of the act and stressed the need for its further scrutiny for the sake of the banking sector.

The apex body of editors of the country's leading print-media outlets raised the concern and also listed other financial-sector problems during the meeting with the BB Governor at the central bank's headquarters in Dhaka.

Explaining reasons for suggesting removal of the section, the BB governor said, " There is no scope for application of the provision. The government has already invested nearly Tk. 520 billion in five merged Islamic banks, namely, Sammilita Islamic Bank. These banks in total have Tk. 1.32 trillion depositors' money, Tk. 320 billion performing loans and Tk. 1.64 trillion non-performing loans. It might be possible to recover Tk.200--Tk.300 billion. Thus. There will be a gap of at least Tk 650 billion. None, it seems, would come to reclaim ownership. Already two months have elapsed since adoption of the law. None has showed interest until now."

Members of the council, led by its president and New Age Editor Nurul Kabir, discussed a range of issues affecting the country's banking sector with the leadership of the banking regulator.

The council members also shared their concerns over the challenges facing the banking sector, particularly the rising volume of non-performing loans, the need to establish good governance in banks, the security of depositors' funds, and the current situation on the foreign- exchange market.

Emerging from the meeting, Nurul Kabir said the governor informed them about various reform initiatives and plans undertaken by the central bank to address the sector's problems and assured them that necessary measures would be taken.

The meeting also discussed the recent instability surrounding Islami Bank Bangladesh PLC as well as issues related to inflation control, investment and employment conditions, and various aspects of the proposed new national budget.

The Editors' Council emphasised the need for effective measures to ensure transparency, accountability and stability in the banking sector.

In a press release, the central bank stated that the BB governor briefed the editors on its ongoing reform agenda aimed at strengthening the country's banking sector. Key issues discussed included the management of non-performing loans (NPLs), governance reforms, oversight on weak banks, foreign-exchange market stability, digital transformation, and measures to ensure overall financial-sector stability.

Governor Mostaqur Rahman updated them on the merger progress of financially weak banks, noting that some administrative and management-related changes have already been completed. "The process is expected to gain a momentum following upgradation of the banks' Core Banking Systems (CBS)."

Addressing the challenge of default loans, the governor informed that the amendment and changes in the existing money loan court to ensure faster settlement of the cases linked to defaulted loans got underway.

"Simultaneously", it says, "the governor told them that distressed-asset- management company act will also be formulated to deal with unrecoverable assets more effectively."

The editors have also been informed that the BB's stolen asset-recovery moves helped freeze laundered assets worth $25 million in the United Kingdom (UK), which will be brought back soon.

Emphasizing the importance of "depoliticizing" the banking sector, the governor said the central bank's reform programme "is focused on ensuring professionalism, accountability, and good governance in bank management and lending practices".

Participants were also informed about regulatory measures taken in several large banks, including Islami Bank Bangladesh PLC, involving board restructuring, management changes, and initiatives aimed at protecting depositors' interests.

The governor also disapproved of the owning of any bank by any political party, saying that people from all walks of life should have confidence in the operations of a bank.

On digital transformation, Mr. Rahman said the central bank was working to build an integrated digital financial ecosystem. Planned initiatives include expanding digital-payment services, introducing AI-based credit-assessment systems, broadening agent-banking services, and implementing the "One Citizen, One Identity, One Wallet" concept to enhance access to digital financial services.

The governor further notes that wider adoption of Bangla QR could accelerate cashless transactions, improve transaction security, and contribute to higher government revenue collection.

In cases where patients require foreign currency exceeding the approved limit for medical treatment abroad, the governor said the regulator is providing approval as quickly as possible upon application through the bank concerned.

"In addition, the interest rate on funds used for bill discounting under the UPAS (Usance Payment at Sight) facility has been reduced, which is expected to help lower the prices of goods," the BB statement says.

Other council members who attended the meeting are Editor of The Financial Express Shamsul Huq Zahid, Editor of Bonik Barta Dewan Hanif Mahmud, Editor of Manabzamin Matiur Rahman Chowdhury, Editor of Prothom Alo Matiur Rahman, Editor of Daily Inqilab AMM Bahauddin, Editor of The Daily Samakal Shahed Mohammad Ali and Editor of Agamir Somoy Mustafa Mamun.

Bangladesh's trade deficit widened significantly during the first 10 months of the current fiscal year as import growth outpaced exports despite the fact that robust financial inflows helped keep the overall balance of payments (BoP) in surplus.

The trade deficit rose to $22.2 billion during the July-April period of FY26.

Exports fell by 1.5 per cent year on year to $36.02 billion, while imports spiked by 6.2 per cent to $58.2 billion, during the period under review.

The rise in imports was largely driven by higher purchases of fuel and food grains.

The imports of petroleum products climbed 72 per cent to $7.64 billion, while wheat imports surged by 49 per cent to $1.96 billion.

The increased fuel imports reflected higher domestic demand as well as elevated global energy prices amid the ongoing geopolitical tensions in the Middle East over the US-Israel attack on Tehran, now on a ceasefire.

The current account deficit, another key component of the BoP, widened to more than $1.0 billion during the July-April period from $586 million in the July-March period of this fiscal year.

The capital account, however, posted modest growth, increasing by more than 9.0 per cent year-on-year to $325 million.

The financial account recorded a sharp improvement as it rose to $4.47 billion during the period from $1.13 billion in the corresponding period a year earlier.

Net foreign direct investment (FDI) inflows stood at $1.14 billion, down more than 20 per cent from a year earlier.

Portfolio investment, which reflects foreign investment in capital market instruments, remained negative, recording a net outflow of $132 million during the period under review.

Data also showed that medium- and long-term (MLT) loan disbursements declined by around 20 per cent, while MLT loan amortisation payments increased by more than 19 per cent.

Despite the wider current account deficit, the overall balance of payments remained in surplus at $3.74 billion, indicating that foreign currency inflows exceeded outflows during the period.

The surplus helped the Bangladesh Bank strengthen its foreign exchange reserve position amid huge import payments.

Dr Zahid Hussain, an independent economist, says the country's external sector remained in a favourable position despite the widening current account deficit mainly due to strong inflows through both financial account and remittances.

"The positive development is that the imports of capital machinery increased by 6.1 per cent during the period, suggesting continued expansion of manufacturing activities and investment in productive sectors," he said.

BD Thai Food & Beverage Limited, a listed company on the stocks exchanges, has inked a manufacturing agreement with Sajeeb Group and Evergreen Beverage to produce carbonated soft drinks by ensuring full utilisation of its production capacity.

According to a stock exchange disclosure issued yesterday, Sajeeb Group and Evergreen Beverage will jointly utilise 70% of BD Thai Food's carbonated soft drink production capacity, while BD Thai Food will use the remaining capacity to manufacture its own beverages.

Under the agreement, Sajeeb Group will manufacture its "Wings" brand soft drinks and Evergreen Beverage will produce "Suncrest" brand beverages using BD Thai Food's carbonated soft drink production line.

According to the disclosure, BD Thai Food will earn manufacturing fees, which will help cover utility costs, salaries and wages, factory overheads, and financing expenses.

The company said full utilisation of its carbonated soft drink production line would enable the factory to operate at 100% capacity, boosting profitability and safeguarding the interests of shareholders and other stakeholders.

BD Thai Food, which markets juices, carbonated beverages, hard and soft candies, lollipops, and chewing gum under the Nectar brand, reported a loss of Tk13.40 crore in FY25. Owing to the losses, the company did not declare any dividend for shareholders.

In the first nine months of the current fiscal year, the company incurred a loss of Tk5.94 crore, translating into a loss per share of Tk0.73 as of March 2026.

BD Thai resumes operations after robbery

In a separate disclosure yesterday, BD Thai Food said production has resumed smoothly after a major robbery at its factory on 10 February. The robbery resulted in the theft of valuable cables and other equipment, rendering the factory inoperable.

The company subsequently invested a substantial amount to restore its electrical substation, generator and power cable network, enabling normal operations to resume. Currently, factory's production is running smoothly.

Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC) on Sunday approved BD Thai Food & Beverage's proposal to raise Tk15 crore through a fixed-price initial public offering.

The company had previously raised Tk15 crore through an IPO in 2021 at a face value of Tk10 per share to support business expansion.

Shares of BD Thai Food closed at Tk26.30 each yesterday on the Dhaka Stock Exchange (DSE).

এ সময় দেশের পুঁজিবাজারের নিয়ন্ত্রক সংস্থাটির নতুন প্রধানের হাতে ফুলের তোড়া তুলে দেয়া হয়। লংকাবাংলা ক্যাপিটাল মার্কেটের এক সংবাদ বিজ্ঞপ্তি গতকাল এ তথ্য জানানো হয়।
সাক্ষাৎকালে আরো উপস্থিত ছিলেন লংকাবাংলা সিকিউরিটিজ পিএলসির প্রধান নির্বাহী কর্মকর্তা (সিইও) ও পরিচালক খন্দকার সাফ্ফাত রেজা এবং প্রধান আর্থিক কর্মকর্তা (সিএফও) ও কোম্পানি সচিব খাইরুন্নেছা; লংকাবাংলা ইনভেস্টমেন্ট লিমিটেডের সিইও ইফতেখার আলম ও লংকাবাংলা অ্যাসেট ম্যানেজমেন্ট লিমিটেডের সিইও মো. সায়মন ইবনে মুজিবসহ ঊর্ধ্বতন কর্মকর্তারা।