Always looking for connections. Financial Times:
Bangladesh’s Grameen Bank has made its first loans in New York in an attempt to bring its pioneering micro-finance techniques to the tens of millions of people in the world’s richest country who have no bank account.
The bank’s entry into the US, its first in a developed market, comes after mainstream banks’ credibility has been hit by the mortgage meltdown and many people are turning to fringe financial institutions offering loans at exorbitant interest rates.
From the online newspaper nu.nl:
DHAKA – A man in Bangladesh who gave a Valentine’s kiss to his sister in law had to pay for this offence with five whippings and 200 taka ($3) fine, the newspaper Ittefaq reported Sunday. The brother of the man had complained to the local authorities of a village in the northern district Joypurjat. They personally came to impose the punishment. In the predominantly Muslim country Valentine’s Day is growing more popular each year, especially among young people.
Export? Which way?