News
B’desh gives Lanka 6 more months to repay $200m loan
The Bangladesh Bank has extended the repayment period of the $200 million loan to Sri Lanka by six months until September this year amid the recovery of the South Asian country from its devastating economic crisis.
The central bank made the decision at its board meeting on Thursday, a senior official, wishing to remain unnamed, told The Business Standard of India.The Bangladesh Bank lent $50 million to Sri Lanka for the first time in August 2021. Later, it provided another $150 million in two phases.
The debt-burdened Sri Lanka was supposed to repay the loan within March this year. Sri Lankan central bank Governor Nandalal Weerasinghe in a meeting with Bangladesh Bank Governor Abdur Rauf Talukder last October also said they would repay it on time.
Meanwhile, Thursday’s board meeting of the Bangladesh Bank also in-principal approved the monetary policy for the second half of the FY23, Bangladesh Bank Spokesperson and Executive Director Md Mezbaul Haque confirmed to TBS.
“Taming inflation and keeping liquidity supply normal are the main objectives of the monetary policy. The formulation is still in progress.”
“As the policy is not finalised yet, nothing can be said for sure. We will let everyone know [about the changes] on 15 January,” he added.
In the monetary policy for FY23, the central bank projected private sector credit growth at 14.10% until June next, which was 14.80% in the previous edition of the monetary policy.
According to the latest data by the central bank, the growth rate hovered near 14% in the first five months of the ongoing fiscal year – 13.97% in November, 13.91% in October, 13.93% in September, 14.07% in August and 13.95% in July 2022.
Besides, the net government borrowings from banks stood at Tk32,249 crore in the first six months of FY23.
The Bangladesh Bank used to announce half-yearly monetary policies before the pandemic. In FY20 and FY21, it announced the policy for a year. This year the central bank has returned to its normal way.The recently visited delegation of the International Monetary Fund also suggested the announcement of monetary policy twice a year.
Latest News
Heat Index likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western provinces and in Monaragala and Mannar districts
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology at 3.30 p.m. on 12 March 2026, valid for 13 March 2026.
Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Western, Sabaragamuwa, Southern and North-western provinces and in
Monaragala and Mannar districts.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on
the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
News
Govt. bends rules, lowers coal standards in favour of errant company: FSP
The Frontline Socialist Party (FSP) yesterday accused the government of trying to award another tender to the Indian company that supplied low-grade coal to the Norochcholai Power Plant and failed to deliver the stipulated amount of coal according to schedule.
The allegation was made by the Education Secretary of the Progressive Socialist Party, Pubudu Jayagoda, during media briefing at the party office in Nugegoda last afternoon.
Jayagoda said that in September 2025, the government had awarded a tender to the Indian company Trident Chemphar to supply 25 coal shipments for electricity generation in 2026.
In August 2025, it was confirmed that the coal delivered by the company was substandard. The company also failed to supply coal on schedule. Although the first shipment was expected in the second week of December 2025, it arrived at the end of the month. By mid-March, only 12 ships had arrived, and biweekly deliveries have been disrupted, putting Sri Lanka at risk of a severe energy shortage.
On 11 March, the government called a sudden spot tender for five coal shipments. Four companies submitted bids, and they include Trident Chemphar. FSP criticiced awarding the tender to the same discredited company, saying it was unethical and could trigger a major national crisis, as the company had failed to supply quality coal reliably in the past.
Previously, coal quality was strictly measured, with a “Reject Value”. But now to help the errant supplier the term of Reject Value has now been omitted altogether and replaced with a new term ‘Minimum Value’ setting it as the minimum calorific threshold—coal producing less than 5,900 kilocalories per kilogram was rejected, and coal with ash content above 16% was also discarded.
However, the government is now reportedly lowering these standards, accepting substandard coal, and changing tender specifications to accommodate the company.
Jayagoda castigated the latest stunt coming especially at a time when the world faces war and oil shortages. Diesel meant for electricity generation is being diverted to school buses, public transport, and emergency vehicles, leaving households at risk of prolonged blackouts. Even if diesel is imported, electricity tariffs could skyrocket.
News
Lanka requests diesel from India
The Indian Ministry of External Affairs has said it is considering requests for diesel supplies from neighbouring countries, including Sri Lanka, Bangladesh and the Maldives.
Speaking to the Press Trust of India, Ministry Spokesperson Randhir Jaiswal noted that India was a major exporter of refined petroleum products in the region. He confirmed that Bangladesh had formally requested a diesel supply, which is currently under review.
He said that diesel exports to Bangladesh had largely continued since 2017, but any new allocations would take into account India’s refining capacity, domestic demand, and overall fuel availability.
Jaiswal added that similar requests from Sri Lanka and the Maldives were also being considered, with India’s own energy requirements forming a key part of the decision-making process.
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