Three major indicators of the economy -- imports, remittances and foreign exchange reserves -- are likely to increase in the first quarter of the current fiscal year, a positive development for the external accounts, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).
Bangladesh’s balance of payments (BoP) deficit would widen massively in the current fiscal year than the central bank had earlier projected owing to escalated imports, lower remittances and export receipts, and higher accumulation of debts.
The government gives recognition to ten people as Commercially Important Person (CIP) for their contribution in the country’s economy through sending their remittances in 2014.
Bangladesh receives $1.32 billion in remittance in May against $1.29 billion in March 2015.
Bangladesh relies on its workers' remittances but is seemingly happy to turn a blind eye as to why half a million of them choose to leave the country every year and how the nearly eight million currently abroad are treated.
Three major indicators of the economy -- imports, remittances and foreign exchange reserves -- are likely to increase in the first quarter of the current fiscal year, a positive development for the external accounts, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).
Bangladesh’s balance of payments (BoP) deficit would widen massively in the current fiscal year than the central bank had earlier projected owing to escalated imports, lower remittances and export receipts, and higher accumulation of debts.
The government gives recognition to ten people as Commercially Important Person (CIP) for their contribution in the country’s economy through sending their remittances in 2014.
Bangladesh receives $1.32 billion in remittance in May against $1.29 billion in March 2015.
Bangladesh relies on its workers' remittances but is seemingly happy to turn a blind eye as to why half a million of them choose to leave the country every year and how the nearly eight million currently abroad are treated.
