Recognized the market was ripe for the service its already started paying off and theres plenty of room to expand to 300000000 people speak in bengali right now we have 75000000 people that are already attached to our network our content so we still have a lot more to grow. This streaming service is already making a profit but back in 2013 the founders had to come up with the initial 500000. 00 investments themselves. Bangladesh is still off the radar for most Foreign Investors even though things are looking up here the economy is growing strongly and although many people remain poor poverty levels have fallen substantially in the last few years. The government has also passed new laws aimed at making investment in bangladesh safer and easier its Largest Financial Services provider has now set up a Venture Capital fund the c. E. O. Hopes it will draw more attention to whats on offer. By introducing the v. C. Fund we want to showcase to the other Banks Financial Institution investors and International Investors that there are opportunities in by all of this and i hold that all the success of ideas the other people also join in this journey. The startup scene in the capital dhaka is still modest but that could change quickly this coworking space which opened in 2015 used to be empty much of the time now its hard to find space to sit down. Says there are many good ideas but that many potential entrepreneurs like funding expertise experience or a combination of all 3 his latest start up up skills seeks to address those needs he wants to focus on what makes the market unique. Theres a lot of problems and as an entrepreneur i see that these are opportunities and see this as a bomb of this she or we understand these problems much better than outside or we you know better position to solve this for us so im saying that we have to wait for outside help to solve this we can do it ourselves and if we can solve it skew money will follow. Bangladesh ones people in investment circles to finally Start Talking about the country and telling positive stories about doing business there. Now lets get some more in force on the startup scene there in a bank but this fall. Is very much engaged in the startup scene their mentor in africa and also the c. E. O. Of bongo the Video Streaming Company that we saw in our report fires welcome to the show what are the Biggest Challenges that founders are facing there at the moment. Thank you. Very happy to be on there and one of the Biggest Challenges that were face in actually is talent. And bangladesh you know although the population is very high but the level of thinking and the level capability that that that we need in order for a tech company to scale its kind of missing and and thats part of large largely due to the Education System its a very different type of Education System if you go to the north america its more thinking based and thats something that we can start getting a little bit on as well as an exposure if you look at you know india and our neighboring country a lot of and who used to work the Silicon Valley when we havent had that you know a lot of nonresident on and shes coming back and theyre starting to come back now so i think talent will be the biggest challenge and then we go into is funding v. C. Funding is a big challenge you know we have. I did some of the early angel investing back in 2013 and we still dont have a huge pool of a new investors and so a lot of these startups are struggling to get you know seed capital but thats improved over the years but now you go from you know seed capital to series a series b. And then youre kind of looking round like where do you kind of go raise money for them so i think those are the 2 Biggest Challenges that were facing right now but the 2nd challenge theres a new tech focused Venture Capital fund in bangladesh that was recently approved what impacts can not have yes. It will have a massive impact and you know one of the 1st questions you know bango you know were right now in the middle of reading series b. And we always get asked as you know who are your local investors and so ideal see you know the v. C. Fund coming in and having a lot of strong presence at the local investor in the market will send a signal to global b c fans because its very important and its very important for when foreign b. C. Fans are looking in the larke it and they need local allies to actually know about the market and the deep intelligence thats required so it will have a Significant Impact in attracting more v. C. S. As well as you know funding more on prefers to kind of get fuel that they need in order to grow their startups faster in dhaka thank you very much for joining us today. Now to some of the other business stories making headlines around the world today alison shares tumbled off the profits fell short of expectations Quarterly Earnings drops to about 2000000000. 00 the online retailer blames the high price of single day delivery of packages from warehouses to customers shipping costs soared by 46 percent. Twitters shares also fell almost 20 percent on thursday after the company also posted disappointing 3rd Quarter Results revenue came in 800. 00. 24000000. 00 thats far less than what analysts had expected the messaging platform blamed a bucket discovered that limited its ability to target its advertising. Business confidence in germany remained steady in october surveyed by the institute shows europes largest economy is still struggling but its expected to expand in the 4th quarter after contracting earlier this year the countrys largely export driven economy has been hit by slower Global Global growth trade disputes and protectionist measures. Cubas state. Is canceling routes to 7 International Destinations it blames u. S. Sanctions on companies that lease planes to the National Carrier its routes to mexico and were specially for cubans applying for visas to the us. Being granted the status of a developing country by the w t o has its advantages you can oppose higher ups on some imports for example to protect your own fledgling industries but the us has complained for a while that some countries are abusing the system china for example still claims to be a developing country to 6 other of the 10 wealthiest economies in the world and so to make soko for example also south korea and turkey which are actually members of the g 20 group of leading economies but now south korea its time to get real. Its. It is the land that gave us high 5 in robots motor cars and the wizardry of Samsung Smartphones hard to believe then that south korea would consider itself a developing nation and yet until today it did. Bowing to reality or pressure the finance minister said the country would no longer use the designation trade talks if you did you have things or we have decided not to seek special treatment as a developing country in future negotiations 1st we recognize that we have authorized you to negotiate sensitive items like rice you know 2nd we will not for go developing countries status itself only the special treatment in future negotiations in the one yard which are many of them. Since it was founded in 1905 what will create Organization Rules have permitted members to self identify as developing allowing them to impose high tariffs to protect key industries. South korea used it to shield sectors including agriculture like rice farming from foreign competition but holmes announcement that his country would not be giving up its developing nation status could be seen as trying to have things both ways and whether its enough to play keep this man is another issue donald trump has been strong arming friends and falls over the matter in july the us president said that the World Trade Organization was broken when the worlds richest countries claim to be developing countries to avoid all rules and get special treatment no more he wrote. Among his targets were china and south korea but source says its decision reflects its ongoing economic success and position as a leader in technological innovation others say its a result of trying to tough talking approach to shaking up the global rule book on trade. Billionaire samsung and leads a young is being retried on corruption allegations and 2017 of our 5 years in jail a sentence that was later suspended now the Supreme Court says the amount of bribes ledge the offered the former president well devalued. Lee jane is that in the dock the vice chairman of samsung faces every trial on corruption charges linked to the 2016 scandal that sent south koreas then president to prison. I feel very sorry for causing concerns for so many people. 7 have. Concerns about the future of both samson and the country as a whole samsung is a multinational megacorporation basting almost half a 1000000 employees its most famous for producing smart phones laptops and televisions. But it also builds ships of his Life Insurance property and even medical cash the company is responsible for around a 5th of south koreas economic output so when some song sneezes south korea catches a cold which is why this new trial is so significant and not just in the j. Young. 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This is due to me it is live from the waiting gate the European Union delays its decision on a branch that extension chief brags that negotiator Michel Gondry and you are bassett hers agree that an extension is needed but not on how long it should be. Meanwhile tempers flare between supporters and opponents a break that is the process drags on some