"We saw that the Philippines and broader Southeast Asia were proving themselves in terms of innovation. The Philippines is probably one of the most exciting markets for disruption in the financial services industry in the world."
"The specific barrier is capital," says Lisa George, global head of the Macquarie Group Foundation. "Without access to capital, it's very hard to get social mobility and educational mobility in life."
Three days after the student-led protests forced Hasina to resign, Muhammad Yunus, Bangladesh's only Nobel laureate, took over as the country's interim leader, tasked with stabilising a fractured country after one of its bloodiest upheavals that killed more than 1,400 people. Yunus, now 85, framed his mandate narrowly but ambitiously: restore a credible electoral process, and build consensus around reforms aimed at preventing a return to authoritarian rule by balancing power among different state institutions.
Cash transforms health when four particular conditions are met. Most U.S. cash-transfer pilots have lacked them. But one major American policy does come close: the federal food-assistance program SNAP. Its success offers a road map for what effective cash assistance can look like in this country, if we choose to build on it.
I've always thought it would be good to acquire an old warehouse in every town throughout the land and convert it into low-rent community workspaces for artists, local charities and small businesses getting off the ground. A kind of people's WeWork. What would others do with a humungous, but not unlimited, pile of dosh to benefit society? Roland Freeman, West Yorkshire Send new questions to nq@theguardian.com.
Taking out a loan can feel like stepping into unfamiliar territory. Questions pile up fast. How much can they charge me? What happens if I miss a payment? Can they call my workplace? Here's what most borrowers don't realize. Singapore's Moneylenders Act grants you significant legal protections. These aren't suggestions lenders can ignore. They're enforceable rules backed by the Ministry of Law. Every licensed money lender operating in Singapore follows them. No exceptions.
Construction has begun on the first Adaptation Fortress in southwest Bangladesh, a climate-resilient shelter designed to protect communities from both cyclones and heatwaves. The Jameel Observatory-Climate Resilience Early Warning System Network announced the initiative, which transforms existing school-based cyclone shelters into multi-purpose structures. The pilot is being built at the Baradal Aftab Uddin collegiate school in Baradal union, Assasuni sub-district, Satkhira district. A second pilot location has been selected at Satbaria high school in Satbaria union, Keshabpur sub-district, Jashore district.
Ministers are seeking "concrete commitments" over the next five years to expand funding for the community development financial institution (CDFI) sector, not-for-profit lenders that support businesses unable to secure loans from mainstream banks. The initiative follows a review which found that many small firms are being pushed towards high-cost borrowing because of rising rejection rates, regulatory complexity and broker practices.
