The minister urged Bangladeshi expatriates to vote for Awami League’s election symbol ‘boat’ to continue development. Abu Dhabi Bangabandhu Council Iftekhar Hussain Babul, General Secretary Nasir Uddin Talukdar, Rangunia Committee President Maulana Fazlul Kabir Chowdhury, its General Secretary Saiful Islam Talukdar, Leaders Moin Uddin, Abu Taher, Sajjadur Islam Rubel, Mozammal Hussain Chowdhury, Riyad Bin Raju […]
Bangladesh receives $960 million in remittances in two weeks
The Export Promotion Bureau (EPB) on Sunday released the updated export earnings data. It shows that there has been a positive growth in exports of readymade garments, leather and leather products, non-leather footwear and plastic products among the major export products in the first 9 months of the current financial year. On the other hand, […]
Inward remittance inflows to Bangladesh witnessed a seven-month high in March as expatriate Bangladeshis sent gifts worth about $2.02 billion to their near and dear ones in view of the upcoming holy Eid-ul-Fitr, according to a BSS report. Sent a significant amount. Migrants sent home $2.02 billion last month, the most since September last year […]
Kamal Uddin also mentioned the need to enact victim and witness protection laws to ensure legal services to victims of human trafficking. Along with others, the meeting was chaired by Whole Time Member of the Commission Mohd. Salim Raza; Advocate Salma Ali, President of Bangladesh Women Lawyers Association, Jasmine Ara Begum, former member of NHRC […]
Bangladesh received $ 1.96 billion in remittances in January
“So, we are buying food from anywhere in the world, spending whatever money is required. We are facing some problems due to Russia-Ukraine war. We will not let people suffer,” he said. The Prime Minister said that the inflation rate in the country is coming down despite the increase in the inflation rate across the […]
New letters of credit or LCs, which were above $8 billion in July last year, came down to $3 billion by December due to the sanctions. The number of LC settlements has also declined significantly. As a result, there was a slight decline in imports which also widened the trade deficit. It stood at $4.5 […]
As per the UNB report, Bangladesh is set to receive USD 1.7 billion inward remittance through banking channel in December 2022, which is 4.23 per cent higher than the same month last year. According to the latest Bangladesh Bank report released on Sunday, expatriates sent home $1.59 billion through legal channels in November. The central […]
Foreign employment has been playing an important role in the socio-economic aspect of Bangladesh for a long time which has proved its strong presence in 2022. It is also an alternative source of growth. Bangladesh earns a significant amount of remittances from overseas employment to cover the balance of payments. In all aspects, both issues […]
According to a 2020 report by Transparency International Bangladesh (TIB), 260 billion taka is laundered annually from Bangladesh on the pretext of salaries and allowances of foreign workers. At least 250,000 foreigners work in Bangladesh. The TIB report said that 160,000 of them came to the country on foreign tourist visas and worked here, giving […]
The awardees, who attended in person as well as digitally, also spoke and thanked the Embassy sincerely for the recognition. Sending valuable dispatches, Ambassador Ahsan warmly congratulated all the award winners while acknowledging the significant contribution being made by the Bangladeshi diaspora to the boom of the country’s economy. The ambassador said the establishment of […]
He said that apart from the 2.5 per cent hassle-free incentive for remittance, many banks also offer additional incentives to attract foreign exchange. He said that banks will not charge any fee for sending money through legal means. A research conducted by Bangladesh Bank found that more than 40 percent of remittances are sent through […]
Foreign nationals working in Bangladesh are taking away more than 26,000 crore taka annually – TIB survey Foreign nationals working in Bangladesh are taking away more than 26,000 crore taka annually – it’s the conclusion of a recent survey by Bangladesh branch of civil society organization Transparency International. In a press conference at the capital […]
There is unconfirmed report that the immigration department of Maldives has directed some seventy thousand Bangladeshi workers to go back if they want. Many of those workers are living in very inhuman conditions. Many have gone there by visa forgery and some has become undocumented due to some faults in papers. Some recruiting agencies are […]