remittance
The relation between corruption and remittance
Many are sympathetic towards migrant workers for justifiable reasons.
Remittance hit $24b in FY24, highest in three years
After hovering around the $21-billion mark for the previous two fiscal years, total remittances sent home by Bangladesh’s migrant workers reached nearly $24 billion in the just concluded fiscal year of 2023-24, providing some breathing space amid the forex crunch.
UAE emerges as top remittance source for Bangladesh
Bangladesh received the highest remittance from the United Arab Emirates in the first 10 months of the outgoing fiscal year, well ahead of traditional powerhouses such as Saudi Arabia and the United States, central bank figures showed.
Why are so many seeking asylum in Europe?
Economic, political failures major drivers behind the surge
Can Bangladesh boost agriculture production to reduce import?
Bangladesh's economy heavily depends on garment exports and remittances for its foreign exchange reserves, with limited diversification in agricultural products. Despite being an agrarian society, it imports key agriculture-related products, straining reserves.
We must protect vulnerable migrants
Alarming revelation about undocumented workers in Libya raises questions
Suspicious transaction, activity reports in banks up 65% in FY23
Suspicious transaction and activity reporting shot up 65 percent year-on-year to 14,106, with 91 percent of the reports filed by scheduled banks, according to the annual report of BFIU
Remittance rises in January, highest in seven months
Migrant workers sent home $2.1 billion in January
Policy actions can aid reintegration of returnee migrants
The return and reintegration of migrants is an integral part of the migration cycle
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
Declaration not needed to send remittances up to $20,000
According to the Guidelines for Foreign Exchange Transactions 2018, a declaration is not required against inward remittances up to $10,000 or its equivalent.
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
How much do we know about our emerging ‘new rural’?
“New rural” will be a critical player in the next chapter of Bangladesh’s transformation.
Let taka depreciate further: economists
As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.
Remittance flow hits five-month high
Remittance flow to Bangladesh rose to a five-month high in January as banks have given all-out efforts to mobilise dollars from abroad to tackle the stress in the foreign exchange market.
‘Unpredictability has become the new normal’
Unpredictability has become the new normal in a world afflicted by the forces of deglobalisation amidst rising geopolitical tensions.
Remittance brings $1.7 billion in December
Bangladesh received $1.7 billion in remittance in December, up 4.29 per cent year-on-year, central bank data showed today.
Remittance outflow crosses $100m -- thru legal channel
Outward remittances from Bangladesh through legal channels crossed the $100-million mark for the first time in 2021 as more foreigners are working in the fast-growing economy, data from a global organisation showed.