Back to the brief

Business & Economy

Bangladesh and Algeria discuss energy imports and wider industrial cooperation

Bangladesh and Algeria discussed energy imports, fertiliser supplies and textile cooperation in Algiers on 22 October. Officials said a hydrocarbon memorandum signed earlier could support government-to-government fuel trade, infrastructure and training. The talks set out areas for cooperation without announcing a quantified shipment or completed commercial supply contract.

From 23 October 2026 — Daily Brief

23 OCT 2026 · 13/25

Bangladesh and Algeria discussed expanding energy and industrial cooperation at a ministerial meeting in Algiers on 22 October. State Minister for Foreign Affairs Humaiun Kobir met Algerian Foreign Minister Ahmed Attaf, according to Bangladesh's foreign ministry.

Kobir said a recently signed agreement on hydrocarbon cooperation could open the way for government-to-government imports of liquefied natural gas, liquefied petroleum gas and other petroleum products. The memorandum, signed on 20 October, also provides scope for work on refineries, LNG infrastructure and exploration of coal and gas fields in Bangladesh.

Attaf expressed Algeria's willingness to cooperate on fertiliser supplies for Bangladesh's agriculture. He also sought Bangladeshi expertise to help revive Algeria's textile industry, while discussing opportunities in pharmaceuticals, leather and textiles.

The Algerian Petroleum Institute showed interest in training Bangladeshi engineers and technicians and sharing energy-sector knowledge. The two sides also stressed regular foreign-office consultations, with the next round expected in Dhaka.

Business & Economy

Mongla rally backs solar expansion and demands Sundarbans safeguards

Speakers at a Mongla rally urged faster solar expansion alongside stronger protection of the Sundarbans. Khulna’s city administrator outlined the planned 442MW Rampal solar project. Environmental campaigners welcomed it while pressing for cancellation of nearby coal and proposed LNG projects, keeping ecological safeguards central to the debate.

Business & Economy

Oil climbs as Middle East supply fears intensify

Oil rose as traders weighed threats to Middle Eastern supplies and shipping. Brent exceeded $114 a barrel during 23 October trading, with further gains later in the session. Analysts pointed to risks from a wider conflict and uncertainty over how quickly disrupted transport routes could recover.

Business & Economy

Gold falls another Tk2,158 per bhori as BAJUS cuts prices again

BAJUS cut the VAT-inclusive price of 22-carat gold by another Tk2,158 per bhori to Tk224,182, effective from 10am on 23 October. The reduction follows the previous day’s cut. Silver also became cheaper, while jewellery-making charges remain dependent on the design.

Business & Economy

Tk592 crore Titas gas-well proposal set for ECNEC review

A Tk592 crore proposal for two Titas gas wells is scheduled for ECNEC consideration on 25 October, officials disclosed on 22 October. The wells could add about 30 million cubic feet of gas daily. Government and company funds would finance the project; approval and future production remain pending.

Business & Economy

Gold price falls as BAJUS cuts rates by Tk1,691

BAJUS cut the price of 22-carat gold jewellery by Tk1,691 per bhori to Tk226,340, including VAT, from 10am on 22 October. The association cited lower local pure-gold prices. Other gold categories and silver also fell. This was the second gold-price cut in nine days; one bhori equals 11.664 grammes.

Business & Economy

Japan plans trillion-yen investment push in Bangladesh, Nikkei reports

Japan plans to arrange one trillion yen in private investment in Bangladesh over five years, Nikkei Asia reported on 22 October. An announcement is expected during Prime Minister Tarique Rahman's Japan visit. Manufacturing and energy are among the reported priorities; Reuters said it could not independently verify the plan.