Remittance
Experts’ opinions sought to know causes of falling remittances
The Finance Minister AHM Mustafa Kamal today sought innovative suggestions from economists and sector experts to identify the reasons why inward remittance flow is not growing to the expected level, despite massive manpower exports and many students staying back and working abroad
Migrant workers sent home $21.61 billion in FY23
Migrant workers sent $21.61 billion to Bangladesh in the just-concluded fiscal year as remittance rebounded on the back of higher flow on the occasion of Eid-ul-Azha and a record outflow of labourers, official figures showed yesterday
Govt mulling increasing incentive on remittance: Mannan
The government is contemplating increasing the incentive on remittance, said Planning Minister MA Mannan today
Banks hike dollar prices for remitters, exporters
Bankers today decided to pay a total of Tk 110.70 to migrant workers and non-resident Bangladeshis for a US dollar from this week in order to encourage them to send foreign currency through formal channels, according to a meeting.
Remittance rises 4.46% in February
However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion
How USA becomes top remittance source beating Saudi Arabia
The USA has 5 lakh Bangladeshi migrant workers and Saudi Arabia 20 lakh
USA continues to be Bangladesh's top source of remittance
Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022
Per capita income misses estimates
Bangladesh's per capita income stood at $2,793 in fiscal 2021-22 -- $31 lower than the initial estimate as the steep depreciation of the taka messed up the government’s numbers.
New window to be introduced for Islamic banks’ liquidity support
The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
IMF releases $476.27 million as first loan instalment for Bangladesh
The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.
Bangladesh’s forex reserves to hit 4-year low in FY23: IMF
Bangladesh’s gross foreign exchange is likely to stand at $30 billion at the end of 2022-23 fiscal year, lowest in four years, according to the International Monetary Fund (IMF).
‘Local conglomerates lost Tk 65,000cr for dollar price hike’
Bangladeshi conglomerates counted Tk 65,000 crore in losses in the last one year because of the fall of the local currency against the US dollar, which made loans costlier amid global economic volatility, a noted economist said today.
Where did most Bangladeshi migrant workers go in 2022?
Over 11.35 lakh Bangladeshis migrated to foreign nations in 2022, the highest ever in the history of the south Asian country.
