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Bangladesh becoming Asia’s next major startup hub

Poverty, natural disasters, and cheap labor may be what you would normally associate with Bangladesh, but the country could be Asia’s next major startup hub. “Bangladesh is becoming a land of opportunity,” says Samad Miraly, a Canadian-Bangladeshi angel investor based in Dhaka. “It’s a place where extraordinary people are doing extraordinary things, and no one really knows about it.” branding-BangladeshAnd that’s precisely what a group of Bangladeshi millennials are changing by pla...

End spate of extrajudicial killings: HRW

The Bangladeshi government should authorize an independent investigation into a recent spate of alleged extrajudicial killings by security forces, Human Rights Watch (HRW) said on Monday. The government should publicly order law enforcement agencies to ensure the safety of all those taken into custody. human rights BangladeshJoint Forces consisting of the Bangladesh Police, the Rapid Action Battalion (RAB), and the Border Guards Bangladesh continue to arrest opposition supp...

Hong Kong housewife arrested for ‘abusing’ Bangladeshi maid

A Hong Kong housewife was arrested for allegedly assaulting her Bangladeshi maid, police said today, in the latest in a series of cases highlighting the abuse of foreign domestic helpers. The arrest of the 58-year-old mother-of-two, identified in media reports as Cheung Sau-kuen, comes just a week after thousands of domestic workers marched in the southern Chinese city to demand justice for an Indonesian maid allegedly assaulted by her employer. HK assultThe Bangladeshi helper, 27-year-old Akter Ka...

New monetary policy announced aiming 7pc inflation

Aiming to bring down average inflation to 7 percent, Bangladesh Bank (BB) on Monday announced cautious monetary policy for the 2nd half of the current fiscal year. Terming it a challenge, BB governor Dr. Atiur Rahman said,  BB will pursue in half fiscal (January-June 2014), based on an assessment of global and domestic macro-economic conditions and outlook. 1655132_10201551289089731_1602810251_n He announced the Monetary Policy Statement (MPS) for January to June of the FY 2013-14 in his office in the capital. ...

GSP facility to US market by April, hopes Tofail

Bangladesh will regain the GSP facility to the US market by next April, Commerce Minister Tofail Ahmed on Sunday hoped. He said, the government is working sincerely to fulfill the conditions tagged for regaining it. “We are working sincerely to fulfill the conditions so that GSP facility could be regained in the US market. I hope, the GSP facility is likely to be resumed by April this year,” he told a meeting with a DCCI delegation. Bangladesh-rmg-worker The board of directo...

FDI declines 92pc in last three months

The country’s total Foreign Direct Investment (FDI) has declined to $100m during the October-to-December period while Last year, the figure was $1.25bn. The FDI dropped 92% in the final three months of last year from one year ago, apparently due to political unrest. Board of Investment (BoI) data showed a total of $100m came in the country as FDI during the October-to-December period. foreign aidA Russian telecom company won Wimax licence in Bangladesh and was set to invest $2bn. But the politi...
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