Thursday, February 22, 2024

Remittance inflow soars by 19pc in 7 months

Remittance inflow increased by 19.57 per cent to $8.71 billion in the first seven months of the current financial year compared with that of the corresponding period of FY 2011-12 when expatriate Bangladeshis had remitted $7.28 billion, showed Bangladesh Bank data released on Monday. The remittance in January also increased by 7.64 per cent compared ... Read more

Remittance inflow crossed $14b in 2012

Remittance inflow increased by 16.49 per cent to $14.17 billion last year compared with that of 2011 thanks to significant appreciation of the dollar against the taka during the period, said Bangladesh Bank officials. The central bank data released on Wednesday showed that migrant Bangladeshis had sent about $14.17 billion in remittance in the year 2012 ... Read more

Remittance grows 6pc year-on-year in Aug

The month of August saw non-resident Bangladeshis send $1.167 billion in remittance, down by 2.84 percent from July’s receipts of $1.201 billion, the central bank said yesterday. The figure, however, is 6 percent higher than the $1.102 billion recorded for August 2011. This is the ninth consecutive month that Bangladesh has received over one billion ... Read more

Eid spurs remittance flow

Remittance inflow rose by 17.55 percent to $1.19 billion in July from a year ago, riding on the upcoming Eid festival. The central bank governor yesterday sat with chief executives of all banks at his office in the capital to discuss ways to increase the flow of remittances. Bangladesh Bank will organise roadshows in the USA ... Read more

Remittance flow to Bangladesh, Asia might be hit: WB

The indigenisation programmes being considered or implemented in the countries under Gulf Cooperation Council including Saudi Arabia have raised concerns of adverse implications for future remittances to migrant-sending countries including Bangladesh, said a World Bank report released on Thursday. ‘While the indigenisation may not affect remittances in the near-term, they highlight the