Foodpanda Faces Tk10 Lakh Fine By BCC

Bangladesh Bank has announced a Tk 9.0 billion startup fund aimed at accelerating economic growth by providing capital to new enterprises. The fund will be distributed through commercial banks and is part of the government's initiative to foster innovation and investment in the startup sector.

Bangladesh has unveiled a series of bold reforms and financial initiatives aimed at easing business operations and energizing the startup ecosystem. At the Bangladesh Investment Summit 2025, the central bank announced a Tk900 crore equity fund dedicated to startups, alongside an additional Tk500 crore fund combining equity and lending support.

Bangladesh Bank (BB) has relaxed regulations, allowing start-ups to invest up to $10,000 abroad by establishing legal entities. This move aims to support start-ups in Bangladesh and promote innovation. Start-ups, which are in their initial stages, can now submit applications to authorized dealer (AD) banks for remittances up to $10,000 and must report the registration/incorporation of such entities within six months.

TRANSFORM, an impact accelerator led by Unilever, the UK Government, and EY, announced grants of up to BDT 10 million each for two Bangladeshi SMEs focused on climate resilience.

The Payment and Settlement System Act, 2024, now in effect, enables Bangladesh Bank to pursue legal action against Nagad Limited over alleged operational irregularities. A gazette notification issued by the Financial Institutions Division formalized the legislation, granting certain clauses retrospective effect from August 12, 2023.

The Bangladesh Bank has relaxed the $10,000 foreign currency limit for individuals injured during the July-August mass uprising seeking treatment abroad. Authorized dealers of commercial banks can now release foreign exchange based on medical estimates, with transactions permitted through both traditional banking and international card channels.