Remittance


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Remittance

1. See: Remit.

2. See: Migrants' remittance.
References in periodicals archive ?
China and India are the largest recipients of inter-region remittance from the SEA region, as migrants from these two countries fill up domestic jobs in the SEA region.
The remittance industry in the UAE is not dependent only on oil prices but on the versatile business models that drive the economy.
BEIRUT: Expatriates' remittances to Lebanon increased by 13.
Growth in global remittances, including those to developing countries, will slow sharply this year due to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the euro and ruble, says the latest issue of the World Bank's Migration and Development Brief, released on April 13 by WB.
In a special analysis on leveraging migration for financing development, the Brief estimates that as much as $100 billion in migrant savings could be raised annually by developing countries by reducing remittance costs and migrant recruitment costs, and mobilizing diaspora savings and philanthropic contributions from migrants.
Among the reasons given by Australian banks in withdrawing from the $425-billion global remittance industry is the rising cost of compliance with anti-money laundering regulations, particularly tracking the identities of the sender and recipient of the money.
Based on the latest data released by the Department of Statistics and Information in 2013, the per capita remittances by foreigners reached SR 1,197 in August, the report said.
In addition, the data on remittances also reflects the International Monetary Fund's changes to the definition of remittances that now exclude some capital transfers, affecting numbers for a few large developing countries like Brazil.
Remittance inflows to the Middle East and North Africa (MENA) region are expected to grow by 3.
According to data released by the World Bank on Friday, India is the largest recipient of remittances in the world, netting $ 69 billion ( ` 3.
The World Bank estimated that the remittance flows are expected to continue growing, with global remittances expected to exceed $593 billion by 2014, of which $441 billion will flow to developing countries.
Triangle trade usually takes the form of "reception of orders in Taiwan and shipment of goods from China," for which remittance amount can now exceed that of negotiation, under FSC's new regulation.