Government must do everything to ensure the safety and well-being of migrant workers

$1.34 billion came in September, lowest since April of 2020

The government must investigate the cause of their deaths abroad

One could say the success story of Bangladesh’s economic development has been spectacular.

Both global and local macro-challenges can have serious implications for the people of Bangladesh

The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.

The cost of grand corruption in Bangladesh is only continuing to go up.

Migrant workers and Bangladeshis living abroad sent more than $2 billion in each of the first two months of the current fiscal year, a promising sign for the economy.

Till the end of May our inbound remittance totaled $19.19 billion, $3.6 billion dollar less than that last year. With the current downward trend, in an optimistic estimate, we can eye a near $21 billion by the end of the financial year which would be 15 per cent less on a year-on-year basis. But based on this figure alone will it be justified to arrive at a decision that the magic of remittance have waned, we have run out of means to fill the increasing trade gaps, and are quickly embracing a bleak financial future? Before siding with a yes or a no let us revisit the trend of remittance flow. 

Bangladesh Bank yesterday relaxed the rules related to a 2.5 per cent cash bonus offered as an incentive to remitters if they send money home through official channels.