Bangladesh receives $774M in remittance in first 12 days of May

Expatriates have sent $774 million to the country through the banking channel in the first 12 days of May. Majority of the earnings came through the country’s 43 private banks, amounting to $622 million. The state-owned banks brought in $148 million followed by around $3 million through foreign banks. Earlier, within the first 14 days of April, the country received $959 million in remittance and $1.68 billion over the entire month. The earnings were comparatively low given the celebration of Eid-ul-Fitr in April. Banks now offer Tk108 per dollar as per the latest decision of the Association of Bankers Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers’ Association (BAFEDA).

Source: https://www.tbsnews.net/economy/bangladesh-receives-774m-remittance-may-631750

Bangladesh, Vietnam eye FTA to boost economic relations

Bangladesh and Vietnam have agreed to explore possibilities of concluding a bilateral free trade agreement in order to add further substance to the steadily increasing bilateral trade and economic relations between the two regional countries, particularly in context of the LDC graduation of Bangladesh.

Source: https://www.newagebd.net/article/201683/bangladesh-vietnam-eye-fta-to-boost-economic-relations

Dubai-based firm Realiste eyes Saudi Arabia’s growing market

Dubai-based firm Realiste, a personal artificial intelligence assistant for real estate investments has set ambitious growth objectives with Saudi Arabia as a key market. Founded in December 2021, the company is a proptech startup that develops AI-powered products for real estate investing with market forecasts that extend up to three years. The company aspires to be the first real estate exchange that can help to identify the most profitable options in the market, allow purchase online within seconds directly from developers, and manage all the purchased assets in one place.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dubai-based-firm-realiste-eyes-saudi-arabias-growing-market-1684086247