ID :
241426
Thu, 05/24/2012 - 04:02
Auther :
Shortlink :
https://oananews.org//node/241426
The shortlink copeid
Bangladesh Seeks To Increase Remittance Through Formal Banking Channels From Malaysia
By Saraswathi Muniappan
NEW DELHI, May 24 (Bernama) -- Bangladesh is seeking to increase remittance
inflow into the country by promoting the transfer of money through formal
banking channels by its citizens living in Malaysia.
The Bangladesh-Malaysia Chamber of Commerce and Industry's, former
president, Syed Moazzem Hossain said the initiative would be undertaken through
the Second Showcase Bangladesh 2012, in Kuala Lumpur from June 13-15.
He is also Chairman of the Fair's organising committee.
Towards this end, a number of banks would participate in the Fair to help
half-a-million Bangladeshis working and living in Malaysia, to make remittances
through formal banking channels, The Financial Express quoted Syed Moazzem as
saying.
He said the remittance from Malaysia could reach US$1.5 billion (RM4.67
billion) if all the money is sent through the legal channel, as compared
with US$1 billion (RM3.11 billion) now.
-- BERNAMA