The government must investigate the cause of their deaths abroad
One could say the success story of Bangladesh’s economic development has been spectacular.
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.
The cost of grand corruption in Bangladesh is only continuing to go up.
Migrant workers and Bangladeshis living abroad sent more than $2 billion in each of the first two months of the current fiscal year, a promising sign for the economy.
Till the end of May our inbound remittance totaled $19.19 billion, $3.6 billion dollar less than that last year. With the current downward trend, in an optimistic estimate, we can eye a near $21 billion by the end of the financial year which would be 15 per cent less on a year-on-year basis. But based on this figure alone will it be justified to arrive at a decision that the magic of remittance have waned, we have run out of means to fill the increasing trade gaps, and are quickly embracing a bleak financial future? Before siding with a yes or a no let us revisit the trend of remittance flow.
Bangladesh Bank yesterday relaxed the rules related to a 2.5 per cent cash bonus offered as an incentive to remitters if they send money home through official channels.