remittance in Bangladesh
A cape of hope: Honouring Bangladesh’s remittance warriors at Mr World 2024
At pageants, the spotlight often shines on glamour and charisma. However, this year, Mr World Bangladesh 2024, B Proshad Das, and designer Tasmit Afiyat Arny, elevated the platform with a meaningful tribute to an unsung segment of Bangladesh’s population through a costume, titled “Tribute to Remittance Warrior.”
Rising remittance provides a breather amid forex crisis
Remittance inflow has continued to rise for the past few months, providing a breather for a country facing multiple challenges, including external payment pressures amid dwindling foreign exchange reserves.
The relation between corruption and remittance
Many are sympathetic towards migrant workers for justifiable reasons.
Remittances jumped 39% in August
Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
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.
Half of remittances came thru Islamic banking in Dec
Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
Remittance drops in March despite Eid
Remittance fell 1.23 percent year-on-year to $1.99 billion in March although inflows usually go up on the occasion of Eid, Bangladesh Bank data showed
Remittance hits eight-month high
In February, migrants sent home $2.16 billion, up 39% year-on-year
Remittance rises in January, highest in seven months
Migrant workers sent home $2.1 billion in January
Export, remittance earnings limp along
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
Remittance rises slightly in 2023
Migrant workers sent $1.99 billion in December
Bangladesh falls behind peers in receiving non-resident deposits
Bangladesh is lacking among four South Asian countries to attract deposits and investments from Bangladeshi migrants, according to a World Bank report
Bangladesh’s remittance expected to reach $23 billion in 2023: World Bank
The remittance is growing at 7 percent, said the Migration and Development Brief of the Global Knowledge Partnership on Migration and Development (KNOMAD), which is part of the Washington-based lender.
Relaxed incentive rules send remittance to a four-month high
Migrant workers sent home $1.98 billion in October, a four-month high, as banks stepped up efforts to woo more remittance buoyed by a relaxed central bank rule on incentive, a development that is expected to give some relief to a country reeling under the foreign exchange crisis.
Slow export, fall in remittance to put pressure on economy
The slowing growth of exports and slump in remittances is not good news. It is rather concerning as the latest data of the two major indicators shows that the pressure on the economy is likely to increase unless there is any rebound in inflows in the coming months.
Midland Bank, NEC Money sign deal on remittance service
Midland Bank Ltd signed an agreement with NEC Money Transfer Ltd, a UK-based Global Money Transfer Company, enabling the former to disburse hard earned remittances of NRBs living in different parts of the world from its branches and agent banking centres through NEC Money.
The water tank with many holes
The man eager to pay back his debt is becoming a rarity. Yet, he represents the hardworking, honest Bangladesh that can bring real change to the system.
Remittances slide 10.27% in May
The reserves stood at $29.91 billion today in contrast to $42.20 billion during the same period a year ago.
Economic pressure deepens as export, remittance dip
Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves.