As the auspicious occasion of Eid-ul-Adha draws near, the country has witnessed a remarkable growth in remittance inflows, with expatriates sending a staggering $1.79 billion during the last 23 days of June.
According to data released by the Bangladesh Bank, remitters had transferred $1.69 billion in May and $1.68 billion in April, indicating a consistent upward trend. Notably, from June 1 to June 23, the highest remittance of $291 million was received through Islami Bank Bangladesh, followed by state-owned Agrani Bank, which channeled $115 million. The third-highest amount, standing at $114 million, was brought home by the private commercial lender Premier Bank.
This surge in remittance inflows highlights the deep-rooted connection between migrants and their home country, as well as the significance of Eid-ul-Adha as a time for familial celebration and sharing joy. The substantial increase in remittances showcases the dedication and commitment of expatriates toward ensuring their families and loved ones can partake in the festivities and experience financial support during this joyous period.
The influx of remittances is expected to have a positive impact on the country’s economy, stimulating consumption and contributing to overall economic growth. The funds received through remittances play a vital role in improving the living standards of families back home, facilitating investments in education, healthcare, and various other sectors.
The banking sector, particularly Islami Bank Bangladesh, Agrani Bank, and Premier Bank, has played a crucial role in facilitating these remittance transactions efficiently and securely. The consistent growth in remittance inflows highlights the trust and confidence placed by expatriates in these banks, recognizing their reliability and customer-oriented services.
As Eid-ul-Adha approaches, the nation eagerly anticipates the positive effects of these remittance inflows, fostering a sense of unity, prosperity, and happiness among families across the country. The remittance surge serves as a testament to the enduring bonds between migrants and their homeland, underscoring the crucial role they play in contributing to the economic well-being of their families and the nation as a whole.
Bangladesh Aims to Enhance Bilateral Ties with South Korea in Trade and Investment
Bangladesh is eager to strengthen its bilateral relations with South Korea, particularly in the realms of trade and investment, in pursuit of realizing the dream of achieving a ‘Golden Bengal,’ as envisioned by the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman.
State Minister for Foreign Affairs, Md Shahriar Alam, expressed this commitment as the chief guest at a reception commemorating South Korea’s National Foundation Day. The reception, hosted by South Korean Ambassador to Bangladesh Park Young-Sik, took place at a city hotel on Sunday evening.
During his speech, Minister Alam conveyed Dhaka’s contentment with the consistent growth in bilateral trade and investment between Bangladesh and South Korea. He highlighted the 50-year history of robust bilateral relations and expressed optimism about elevating this friendship to a deeper and more comprehensive level of collaboration.
Furthermore, Minister Alam referenced the recent meeting between Prime Minister Sheikh Hasina and President Yoon Suk Yeol on the sidelines of the G20 Leaders Summit in India, underlining the significance of such high-level engagements.
He reiterated Prime Minister Sheikh Hasina’s vision of establishing a knowledge and technology-based prosperous and intelligent Bangladesh by the year 2041.
Minister Alam also expressed gratitude for South Korea’s prompt recognition of Bangladesh as an independent state shortly after its independence on May 12, 1972.
Vietnam’s National Assembly President Attends Forum in Dhaka for Economic Collaboration with Bangladesh
Vuong Dinh Hue, the President of the Vietnam National Assembly, recently participated in an event held in Dhaka known as the ‘Forum on Policies and Laws to Foster Economic, Trade, and Investment Collaboration between Vietnam and Bangladesh.’ This significant gathering was jointly organized by the Vietnamese Ministry of Industry and Trade, the Ministry of Planning and Investment, the Vietnamese Embassy in Bangladesh, and in cooperation with key entities including the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Vietnamese Business Association in Bangladesh.
The forum drew the presence of a distinguished high-level delegation from the Vietnamese National Assembly, alongside prominent figures from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the Dhaka Chamber of Commerce and Industry (DCCI), and a substantial representation from businesses on both sides. Additionally, various ministries from both Vietnam and Bangladesh were represented.
During the forum, three notable business-to-business Memoranda of Understanding (MoUs) were inked. These agreements included collaboration between BMH Vietnam Company and Doreen Group Bangladesh, focusing on investment cooperation, technology transfer, and the advancement of pre-engineered steel production. Another agreement was reached between Bangladesh Vietnam Development Assistance Company and the Bangladesh Pharmaceutical Association, with a specific focus on pharmaceutical exchange. Lastly, Huong Giang Aviation Services and the Bangladesh Tourism Association came together to establish a tourism alliance, marking a significant step in enhancing tourism ties between the two nations.
As part of his official three-day tour, Vuong Dinh Hue visited the state-of-the-art facilities of Beximco Pharma in Tongi, where he received an informative presentation and toured the manufacturing facility.
Bangladesh’s Commitment to SDGs Unshaken Despite Global Challenges, Says PM
Prime Minister Sheikh Hasina has reaffirmed her government’s unwavering commitment to implementing the Sustainable Development Goals (SDGs), even in the face of challenges posed by the Covid-19 pandemic, the Ukraine war, and the climate crisis. She made this declaration during a meeting with Helen Clark, Chair of the Partnership for Maternal, Newborn and Child Health (PMNCH), at the United Nations Headquarters.
As part of her commitment to healthcare services accessibility for all citizens, PM Sheikh Hasina mentioned the implementation of the National Health Sector Strategic Plan (2011-2030) and a 27% increase in healthcare sector allocations for the current fiscal year 2023-24.
Helen Clark commended Bangladesh’s exceptional progress in healthcare under Prime Minister Sheikh Hasina’s visionary leadership, citing the nation’s remarkable achievements in reducing maternal and child mortality rates and ensuring universal healthcare services.
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