Tag:remittance

In a landmark economic achievement, Bangladesh has recorded its highest ever annual remittance inflows in calendar year 2025, with workers abroad sending home a staggering US $32.82 billion – a level not seen before in the nation’s history.

There is concern that the “remittance economy” model could undermine long-term development if not paired with investment in productive sectors.

Tourism and the businesses of tea and spices have, together with exports of ready-made garments, been the mainstay of Sri Lanka's economy. But the...