Remittance through formal channels will likely fall in the days ahead as Bangladesh Bank yesterday asked foreign exchange houses to follow the rate set by banks, according to officials of exchange houses.
Bangladesh Budget 2023-24: Despite a surge in the outflow of migrant workers, remittances to Bangladesh declined 10.27 per cent year-on-year to $1.69 billion in May, an unpromising development that may deepen the volatility in the economy.
Bangladeshi workers’ recruitment in Kuala Lumpur: Coincidentally or otherwise, two senior aides of Human Resources Minister V Sivakumar were arrested in connection with corruption regarding the foreign workers quota. The first step in the process in securing foreign workers is for the employer to apply for the quota. The companies have to provide proof and other documents to
Remittance flow to Bangladesh rose to a five-month high in January as banks have given all-out efforts to mobilise dollars from abroad to tackle the stress in the foreign exchange market.