Remittances to LMICs up by 5pc in 2022, despite global headwinds: WB

Remittances to low and middle income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion.This is sharply lower than the 10.2 percent increase in 2021, according to the latest World Bank Migration and Development Brief.Remittances are a vital source of household income for LMICs. They alleviate poverty, improve nutritional outcomes, and are associated with increased birth weight and higher school enrollment rates for children in disadvantaged households.Studies show that remittances help recipient households to build resilience, for example through financing better housing and to cope with the losses in the aftermath of disasters.Remittance flows to developing regions were shaped by several factors in 2022. A reopening of host economies as the COVID-19 pandemic receded supported migrants' employment and their ability to continue helping their families back home.Rising prices, on the other hand, adversely affected migrants' real in...

Mianz Int’l Group wins award in Maldive

Mianz International Group won Gold Hundred Gala Award for second consecutive time among 100 leading companies in the Maldives.Mianz International Group founder and chairman Ahmed Mottaki received the award at a function at Crossroad Multi-Island Resort in the Maldives.Bangladesh High Commissioner to the Maldives Rear Admiral SM Abul Kalam Azad handed over the award.The award is given under the patronization of the Maldives President. Ahmed Mottaki's village home is in Shahbazpur village...

Modhumoti Bank donates Tk 1.2m to Red Crescent Society

Modhumoti Bank Limited handed over a cheque of Tk. 12.00 (Twelve) Lac to Bangladesh Red Crescent Society, Dhaka City Unit in their 50th Annual General Meeting held on Thursday at the Holy Family Red Crescent Medical Coll...

50 years of BD- UNESCO relationship celebrated

On the occasion of celebrating 50 years of relations between Bangladesh and UNESCO, Education Minister Dr. Dipu Moni mentioned the excellent relationship between Bangladesh and UNESCO and said that the role of UNESCO in human welfare including education for peace and not war is immense. She also said that UNESCO is playing an important role in the preservation of history, heritage, culture and development of technology worldwide. The education minister said this while speaking as the chief guest at the 50 years relationship celebration programme held at a city hotel on Thursday. Secretary of Secondary and Higher Education Department of the Ministry of Education Abu Bakar Siddique presided over the ceremony. where State Minister of Cultural Affairs KM Khalid, State Minister f...

BNP’s Jahidur Rahman takes oath

Australia pile on the runs

Steve Smith continued to turn the screws on a listless West Indies and notched his fourth Test double century before Australia declared their massive first innings shortly after tea on day two of the first Test.Fifteen minutes into the final session, a near-flawless Smith reached the landmark with a single off spinner Kraigg Brathwaite but Travis Head chopped onto his stumps on the next delivery to fall for 99.Head's dismissal brought a close to Australia's massive first innings, where they batted for 152.4 overs to vindicate skipper Pat Cummins' decision to bat first.Smith's concentration never wavered through the day, even when the match meandered amid a smattering of fans, who started to create their own excitement by mocking West Indies' sloppy fielding. He also reinforced his penchant for his new refined technique, where he has eradicated shuffling across the crease.After a disciplined start earlier in the match, West Indies were unable to conjure fireworks on a surface with a strip of grass down its middle.Amid overcast and cooler conditions, a relief after warm weather on day one, West Indies' batters will need to take heed of an imperious Smith, who powered Australia past 500 with an audacious boundary over deep third to further exasperate quick Alzarri Joseph.Just before lunch, Smith equalled Sir Donald Bradman with his 29th Test century. He reached the milestone with a single to long on, who was strangely not brought in to restrict the run.In the process, Smith also passed 4000 Test runs at home. Only Bradman (98.22) and Sir Garfield Sobers...

BNP’s Dec 10 rally in Dhaka

The Bangladesh Nationalist Party (BNP) has got the permission to hold its rally on 10 December at Suhrawardy Udyan in the capital. Suhrawardy Udyan is a historical place where Pakistani occupation for...

New hope in energy

The acute energy crisis is likely to go away by next year. According to a story headlined ‘New hope in energy’ published in this newspaper on Tuesday, the ongoing acute gas and power crisis in the country is likely to ease by next ye...

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