📡 Prism Post: Brand New President, New Investment Authority, & the Same Old Inflation

Since we started Adaanist, we have dedicated ourselves to making education free across the world. And we started with Bangladesh. By the end of 2026, we will release all our math and English lessons for every educational level in Bangladesh.

However, we felt something is off. We are giving you all the math and language skills. But you need to know what’s happening around you every day in Bangladesh, in South Asia, and all over the globe. You can learn about financial markets from us and then you can apply the math skills you learned from Adaanist. You can read our analysis and insights and become really good at English, expressing your thoughts, and analyzing the world.

That’s why we are launching Prism Post. We will send you daily updates and insights to aid you in your path of chasing greatness. So keep reading our very first post from Prism Post.

Mirza Fakhrul Islam Alamgir was elected Bangladesh's 23rd President on August 20 with 255 votes, the first contested presidential race since 1991.

Minutes after taking the oath as the President, President Mirza Fakhrul swore in 5 new cabinet members and elevated 1 to full minister at Bangabhaban.

🛖 Local Government, Rural Development and Cooperatives (the ministry Mirza Fakhrul vacated on becoming president) → Abdul Moyeen Khan

📡 Information and Broadcasting → Andaleeve Rahman Partho (Bangladesh Jatiya Party chairman)

✈ Civil Aviation and Tourism (promoted from state minister to full minister) → M Rashiduzzaman Millat

⛰ Chittagong Hill Tracts Affairs → Sa Ching Prue Jerry

Rashiduzzaman Millat, until now State Minister for Civil Aviation and Tourism, was sworn in as a full minister, while BNP MP Shamim Kaiser Lincoln and the PM's Foreign Affairs Adviser Humaiun Kobir became state ministers.

Rising food and energy prices are constantly agonizing the low and middle income Bangladeshis. While the Bangladesh Bureau of Statistics (BBS) reports that inflation eased to 8.32 percent in July from 9.42 percent in May, the local markets tell a different story.

However, according to the International Monetary Fund (IMF), Bangladesh’s foreign exchange reserves rose by over $2 billion to more than $32 billion in six months.

Inflation is not inherently bad. In fact, it's often necessary to have a steady but lower inflation each year. That's why central banks globally, especially in advanced economies, target a 2% inflation rate annually.

However, an inflation rate of over 8-9% every month signals that millions of people in Bangladesh, especially the lower- and middle-income classes, are facing higher prices for food, energy, and all the essentials. But their incomes are not increasing. When your income is not increasing but prices are increasing, your real income and purchasing power start declining. In other words, millions of people struggle to buy food and pay the utility bills when prices are rising rapidly.

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The Invest Bangladesh Authority formally began operations on August 20, merging 3 of the country's investment agencies into a single body.

A government gazette brought the Invest Bangladesh Act 2026 into force, dissolving the Bangladesh Investment Development Authority (Bida), Bangladesh Economic Zones Authority (Beza) and Public-Private Partnership Authority (PPPA).

It doesn’t make sense to have three organizations doing the same thing. It makes the bureaucracy more fragmented. Having one investment authority for Bangladesh is adequate.