Project To Invest OFS’ Savings In PH Rural Development Launched In Seoul
A regional project intended to facilitate the investment by overseas Filipinos in the Philippines’ rural development was launched in Seoul on May 29, with the attendance of Secretary Imelda M. Nicolas,...
View ArticleKazpost launches new offline money transfer service
Kazakhstanis will be able to pay for goods in shops using mobile communication. The national operator Kazpost has launched a new service ‘Salem, Mobile’. The first to use opportunities of the...
View ArticleRia adds more Post partnerships to reach underbanked
62 percent of the world’s adult population have an account with a bank, financial institution, or mobile money provider. But according to the Global Findex Database of 2014, 2 billion adults in the...
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Mexican migrants buy tons of empty homes in Mexico with US cash, only to...
Mexican immigrants living in the U.S. have been building homes in Mexico for years, but the likelihood of them returning to their dream houses is slim at best. The Mexican economy is heavily reliant on...
View ArticleSaudi Arabia, UAE help Pakistan receive record remittances
Overseas Pakistanis – a large majority of them are living in the UAE and Saudi Arabia – sent all-time record home remittances topping $19.9 billion, or 6.38 per cent higher than the government’s target...
View ArticleRemittances from Europe drop as Brexit jitters hit
Money sent by Kenyans living in Europe reduced by 6.3 per cent last month as the decision by Britain to exit the European Union began to affect inflows. The Central Bank of Kenya data released...
View ArticlePhilippines Has a People Problem, Literally
Hmmm, maybe Donald Trump wouldn’t be such a disaster after all. Just kidding! The billionaire-turned-politician would be every bit the disaster economists fear in the White House. But what of Rodrigo...
View ArticleFinancial Inclusion Key In Improving Postal Services
Africa’s postal services regulator, UPU, has stressed on the need for member states to employ financial inclusion ensure that the service benefits the unbanked population. The call is coming at the...
View ArticleTransmission Troubles
Heavy inflows of remittances impair a country’s ability to conduct monetary policy Many developing and emerging market economies are modernizing the way they conduct monetary policy to make it more...
View ArticleRemittances to Developing Countries Expected to Grow at Weak Pace in 2016 and...
Amid a backdrop of weak global growth, remittances to developing countries are expected to increase only slightly in 2016, says the World Bank’s latest paper on Migration and Development. Remittances...
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