Startups show hope of raising $1.5b in years
A vista of investment prospects is drawn by an agency that says Bangladesh can hope to raise US$1.5 billion with startups in few years with strong government support and a thriving local ecosystem in place. A report by LightCastle Partners states that initiatives like the National Startup Policy, Fund of...
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Subsidies, cheap money, low interest no more
The government won't continue handing out subsidies and providing cheap money to businesses, says Finance Adviser Dr Salehuddin Ahmed as he looks to a competitive economy in Bangladesh. Addressing a business meet Sunday in Dhaka, he also said the post-uprising interim government wants to leave a "footprint of reforms" before...
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ADB to provide $1b annually for inclusive development
Asian Development Bank (ADB) Country Director for Bangladesh Hoe Yun Jeong has said the organisation will provide Bangladesh with $1 billion annually in concessional financing over the next five years. He assured enhanced financial support, including grants, to advance Bangladesh's environmental goals, while also expressing strong interest in river-cleaning projects....
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Five more embroiled banks' MDs being sent on leave
Top executives of five more unconventional banks are set to be sent on leave for 90 days by their boards for independent functioning of an upcoming forensic audit of their financials by globally recognised firms.The exigent shakeup is coming following the footstep of the First Security Islami Bank.Four of the...
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Cold wave may return after Jan 9, says BMD
The country is likely to experience mild to moderate cold wave again after January 9 and in the middle of the month. The severe cold waves may sweep the northern and southwestern parts, including Jashore, Chuadanga, Khulna and Barishal.A "mild to moderate cold wave is likely to occur after Thursday...
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Prayer Timings (2025-01-06)
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