September 17, 2013
Source: Manila Standard Today
The money sent home by Filipinos working overseas hit $1.93 billion in July, the highest in seven months, fueling the economic growth at the start of the third quarter.
“The steady deployment of overseas Filipino workers remained the key driver of the growth in remittance flows,” the Bangko Sentral said in a statement Monday. More…
September 15, 2013
Source: VietNamNet Bridge
Viet Nam is forecast to receive between US$4.5-4.8 billion worth of overseas remittances this year – the figure that will remarkably surpass the US$4.1 billion level of 2012.
Ho Chi Minh City is the country’s biggest inward remittances receiver, getting around US$2.5 billion for the first eight months of this year. More…
September 14, 2013
Source: The Nation
Overseas Pakistani workers remitted an amount of $2637.27 million in the first two months (July – August) of the current fiscal year 2013-14 (FY14), showing a growth of 7.05 per cent when compared with $2463.69 million received during the same period of last fiscal year (July- August FY13). More…
September 3, 2013
Source: The Financial Express
The flow of inward remittances fell by 18.62 per cent in August, the month of the celebration of Eid-ul-Fitr festival, with the period witnessing fewer working days, officials said Monday.
Bangladeshi nationals working abroad sent US$ 1.008 billion on 17 working days of August last. The amount was lower by $230.76 million than the remittance-earning in the previous month. More…
March 13, 2013
Reposted from The Himalayan
By Bihari Krrishna Shrestha
Nepal’s own self-styled micro-finance gurus have not been lagging behind in claiming to have extended the service to many million people.
The intensity of devotion with which Professor Mohammad Yunus, the Nobel Laureate Grameen Bank guru from Bangladesh was greeted recently in Kathmandu was a testimony to a devotion of the large community of micro-finance professionals to the cause in Nepal too. However, despite Nepal’s own history of micro-finance being at least as long as that of Bangladesh, poverty remains chronically widespread and deep-seated among the people particularly at the lower echelons of society, even as it has been the remittances from abroad that have contributed to the rather dramatic reductions in Nepal’s poverty in recent decades. More…
February 11, 2013
Since the civil war ended in 2009, Sri Lanka has emerged as one of Asia’s fastest growing economies
By John Enos
Since Sri Lanka’s 26-year civil war against the Tamil Tigers came to an end in 2009, the South Asian nation of 20 million has experienced impressive growth due to a rise in tourism and its strategic position along one of the busiest international shipping lanes in the world. The US $64 billion economy is propelled by tourism, remittances, tea, textiles, and agriculture. Sri Lanka’s GDP, which grew at 8% in 2010 and 8.3% in 2011, slowed down to 6.5% in 2012 due to the country’s balance of payments predicament and the sluggish performance of the global economy. However, 7.5% growth is projected in 2013 and last year’s contraction will be ameliorated as tourist arrivals surge, large-scale infrastructure and port projects near completion, and Western demand for Sri Lanka’s exports strengthens. Matching the country’s solid GDP growth are its improvements in corporate governance. Sri Lanka was ranked as the second most improved country in the world in ease of doing business in the World Bank’s Doing Business 2013 report, the first time in seven years that a South Asian economy gained such an accolade.
This article is an excerpt from Leopard Asia Frontier Fund’s upcoming January 2013 newsletter. You can subscribe to the newsletter here. More…
January 22, 2013
Reposted from The Daily Star
By Rejaul Karim Byron
Remittance from major countries except the US shot up by 16-55 percent year-on-year in 2012, due to an increase in Bangladeshi wage earners abroad and their incomes. More…
June 11, 2012
Reposted from Reuters
by Ruma Paul
Money sent home by Bangladeshis working overseas rose 15.30 percent to $1.15 billion in May from a year earlier, central bank data showed.
Remittances for the first 11 months of the current fiscal year ending this month rose 11 percent to $11.77 billion, according to data released late on Thursday. That outpaced the previous fiscal year’s total inflows of $11.65 billion. More…
June 11, 2012
Reposted from The Caribbean Journal
The region near the Massacre River in the Dominican Republic
Trade with Haiti has become of vital importance to the Dominican Republic, according to Dominican Economy Minister Temistocles Montas.
The country’s strong relations with Haiti are not limited to trade, however, because migration flows have increased significantly, he said. More…
June 11, 2012
Reposted from Businessweek
From JULHAS ALAM
Bangladesh said Thursday it anticipates 7.2 percent economic growth in the coming fiscal year from increased export earnings and more remittances from Bangladeshis abroad.
Finance Minister A.M.A. Muhith unveiled the budget for 2012-13 in Parliament amid a boycott of the proceedings by the opposition, who accuse the government of repressing its leaders and activists. More…