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Bangladesh – The 3rd highest remittance receiving country in South Asia

Bangladesh becomes the 3rd highest remittance receiving country in South Asia, 9th in the world. It has seen a 17.9% growth in remittance earning in 2018 where the rate saw declination of 11.5% in 2016. The leader in remittance earning is India ($79.5 million), followed by China ($67 million) and Mexico & Philippines ($34 million). World Bank reports that the developing
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remittance

Rise in remittance inflow in October

The country's remittance inflow marked a rise in October after its decline in September this year. As per the statistics provided by the Bangladesh Bank, the country received $1.239 billion in remittance from expatriate Bangladeshis living in various countries while it had received $1.138 in September. In August, the remittance earning was $1.411 billion. The central bank data shows that six state-owned
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Remittance

Remittance Falls To Four-Month Low

National remittance continues to slide with February's inflow of $1.13 billion--the lowest in four months—reports central bank. In February, the receipts were 4.2% lower year-on-year and 1.73% month-on-month. The slide in remittance has been blamed for the low global oil prices, which hit the incomes of Middle Eastern countries where most of Bangladeshi migrant workers reside.
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Remittance

Remittance Falls Down 7.25% In Jan

Bangladesh received $1.15-billion in remittance in January, which is 7.25% lower than the same month a year ago, stated central bank. Compared with December, the remittance receipt in the first month of the year went down 12.21%. Due to low oil prices, incomes of the Bangladeshi immigrants living in the Middle Eastern countries went down quite a bit.
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Remittance

Remittance Fails To Keep Up With Migration

Bangladesh's manpower export rose 30% year-on-year in 2015, but remittance inflow went up only 1.8%, reported RMMRU yesterday. So far, more than 5.42 lakh men and 92,000 women migrated to different countries this year. In comparison to the rise in manpower exports, remittances surged to $15 billion, which is not ‘satisfactory’ according to RMMUR’s report.
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Remittance

Remittance Falls 3pc In November

Remittance dropped 3.39 percent year-on-year to $1.14 billion in November, reports central bank. Because of Eid-ul-Azha and Durga Puja, remittance also fell in October by almost 18% compared to the same month a year ago. In the last five months, remittance flow stood at $6.17-billion, a decline by 0.68 percent year-on-year.
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Remittance

Remittance Continues To Grow

Due to the steady flow of money sent by migrant workers, remittance maintained a positive growth in September, amounting up to $1.35-billion (up 0.75% from last year). The central bank expects the remittance to grow by 10% this fiscal year. This year, between January 1st and September 2nd, 333,382 workers left for jobs abroad.
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Bangladeshi Migrants

Bangladeshi Migrants Generate $15b

In the 2015 fiscal year (FY15), 9.4 million Bangladeshi migrants, toiling in various parts of the globe have generated an incredible $15.31 billion in remittance--the highest in the country’s history. According to BMET statistics FY14, Bangladeshi migrants in the Kingdom of Saudi Arabia (KSA) have generated $3.12b, Oman $0.7b, Malaysia $1.06b, Singapore $0.43b, and Kuwait $1.1b in remittance.
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