Adapting to corona-created economic norms vital task

Remittance records surprise rise, export ebbs down

News Report: Expatriate Bangladeshis have remitted 16.36 billion US dollars in 11 months of the outgoing fiscal year, almost equalling the remittances in the whole of FY 2018-19, though it's not the whole story of economic health. The other cash cow for the country's foreign-exchange reserves--and the much fatter one--that is export got emaciated for lockdown on its global market for months and some more time ahead. And the remittance inflow in May amid a shattered economy worldwide with miryards rendered jobless by the Covid-19 pandemic seemed enigmatic to some economists, who, however, fear the pitfalls lie ahead . There are explanations over the exponential remittance growth. In May, Muslims celebrated Eid-ul-Fitr, though mostly from home-stay, and the expatriates sent...  read more>>