
	Where results make sense

Topic: Remittances from overseas

Related Topics

Western Samoa

Samoa

Development aid

Economy of Samoa

Samoan language

Parliament

Parliamentary democracy

Prime Minister

In the News (Fri 27 Nov 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	UNDP \| Poverty Reduction
		Remittances from skilled and unskilled migrants overseas provide an important source of income and help to alleviate poverty for family members left at home.
		Remittances are one part of a complex balance sheet that we need to understand much better in order to assess the impact of migration on development.
		Developing countries and their Diasporas tell us – for example at a recent UNDP consultation on remittances in Santo Domingo – that more can be done to make remittances effective in improving living standards for families and communities at home.
	www.undp.org /poverty/migration.htm (1057 words)

	Bulatlat - The Philippines's alternative weekly magazine
		We must note that the annual remittances (US$8.5 billion or P467.5 billion) of migrant Filipinos is bigger that the combined value of the top five Philippine merchandise exports (semi-conductors, finished electricals, garments, crude coconut oil, and bars and rods of copper) in the same year.
		These remittances that seemingly go straight to migrant Filipinos’ families and dependents and not into government hands are what keep the economy afloat.
		Remittances are spent by families and dependents primarily for food, clothing, utilities (electricity, water, communications), house rent, children schooling, hospitalization and other services.
	www.bulatlat.com /news/5-22/5-22-remittances.htm (1497 words)

	VBJ Feb. 1999 - Money Transfer
		Remittances are important for households that receive them, because they are large enough, on average, to pay for 38% of all the expenditures incurred by recipient households.
		Approximately half of the population of the main cities in Vietnam was born elsewhere, and the high degree of geographic mobility contributes to the importance of remittance flows.
		Officially-approved projects by overseas Vietnamese are relatively small and quite scarce: as of August 1997 they had made commitments to invest in 25 projects worth a total of $129 million, or just half a percent of all foreign investment commitments in the country.
	www.viet-nam.org /Com-News/moneytransfer.html (1656 words)

	APMM Website
		This sequel will be about the relevant and specific rules and regulations of Philippine government agencies on matters of handling overseas inward remittances by banks and other institutions, the relationship of the remittances of overseas Filipinos and the Philippine Balance of Payments and the liberalization of the Philippine economy.
		Remittances of overseas workers (OWRs) alone represent more than a third of the current account balance of many South East Asian countries from 1988-92.
		Due to the differences in the nature, duration of overseas employment, a distinction is made between individuals whose earnings are to be classified as labor income and migrants who are persons who have become residents of a country by virtue of being expected to live there for a year or more.
	www.angelfire.com /biz7/apmm/part2.html (3054 words)

	Remittances of Overseas Filipinos May Hit $9 Billion This Year
		It said remittances by overseas Filipinos jumped by 17 percent or $1.4 billion in January and February compared to the same period last year.
		“The rise of remittances of overseas workers was attributed mainly to deployment of higher paid Filipino workers such as nurses, engineers and musicians,” said the statement.
		Total overseas remittances in 2004 hit a record $8.5 billion, up 11.3 percent from 2003 and from $103 million in 1975, making the Philippines the third-largest recipient of migrant remittances behind India and Mexico, according to BSP.
	www.arabnews.com /?page=4§ion=0&article=62205&d=16&m=4&y=2005 (967 words)

	South Asian Journal
		The outflow of migrant workers and the inflow of overseas remittances have had a profound impact on the economies of South Asia.
		Interestingly, after the large increase in remittances post- September 2001, the dilemma was reversed as the government now endeavoured to prevent the rupee from appreciating sharply against the dollar which would reduce competitiveness of the country's major exports.
		In Sri Lanka remittances primarily from housemaids working in the Middle-East are the second leading net foreign-exchange earner after garments and are an important balancing element in the current account, usually offsetting around 60 per cent of the trade deficit.
	www.southasianmedia.net /Magazine/Journal/6_remittances.htm (3262 words)

	Pakistan Times: \| Top Story: Pakistan receives $1.375b as Workers’ remittances from Overseas
		The monthly average remittances for the period (July-October 2005) is $343.79 million as compared to $329.49 million during the same period last year.
		Remittances received from Canada, Australia, Norway, Switzerland, Japan and other countries during July to October period amounted to $177.79 as compared to $175.53 million in the corresponding period of last year.
		In the last fiscal year ending in June 2005, net remittances from overseas Pakistanis rose to $4.153 billion from $3.826 billion a year earlier, thus showing an increase of 8.5 per cent.
	pakistantimes.net /2005/11/21/top3.htm (513 words)

	LTG: Remittances Increasingly a Part of the Globalized Economy
		Remittances "are our biggest source of foreign income, bigger than oil, tourism or foreign investment," Fox told reporters Sept. 24, referring to the increasing cash sent in 2003, even with a stagnant US economy overall.
		Remittance money is not invested in any sort of infrastructure, so when the family connections peter out, the cash will stop and the town will die.
		Remittances, as they're called, are expected to become Mexico's primary source of income this year, surpassing the amount of money that Mexico makes on oil exports for the first time ever.
	www.limitstogrowth.org /WEB-text/remittances.html (2622 words)

	Migrants remittances \| Poverty and Growth Blog (Site not responding. Last check: 2007-10-15)
		The size of remittance flows are hard to estimate because such transfers take place by hand-to-hand, via official channels (checks and draft from banks, western union money orders etc) and through unofficial channels (Hundi system in South Asia).
		In 2004, recorded remittances were the second largest source of external financing in developing countries, after foreign direct investment, and amounted to more than twice the size of official aid.
		Remittance flows tend to be more stable than capital flows, and they also tend to be counter-cyclical—increasing during economic downturns or after a natural disaster in the migrants' home countries, when private capital flows tend to decrease.
	pgpblog.worldbank.org /migrants_remittances (559 words)

	Remittances & Investments (Site not responding. Last check: 2007-10-15)
		The overarching objective is to tap the overseas Filipino community to assist in alleviating the effects of the impending fiscal crisis through the increased inflow of funds.
		Based on a 2003 study by the Asian Development Bank, the estimated total dollar remittances of overseas resident Filipinos is in the range of $14 billion.
		Of the total dollar remittances worldwide, it is estimated that one-third, or the range of $4.7 billion, are from the United States.
	www.philippineembassy-usa.org /events/pr/remittances.htm (317 words)

	The Raw Story \| Remittances by overseas Filipinos rise 14.4 per cent
		Manila- Dollar remittances from overseas Filipinos rose 14.4 per cent in the first nine months of the year, helping keep the peso strong against the US dollar, the government said Wednesday.
		According to the Philippine Overseas Employment Administration, a total of 856,866 Filipinos left to work abroad from January to September, up 9.6 per cent in the same nine-month period last year.
		The strong remittances have been a key factor in the strengthening of the peso, which has recently rose to four-year highs against the dollar.
	rawstory.com /news/2006/Remittances_by_overseas_Filipinos_r_11152006.html (262 words)

	Rid real estate market of overseas speculators
		Overseas capital, small in proportion as it is, helps largely drive up the market expectations and, in turn, real estate prices.
		It should be noted that large sums of overseas foreign-exchange remittances have continued pouring in to Guangdong, Fujian and Zhejiang provinces and Shanghai in recent years.
		In view of all this, it is vital and necessary to restrict the speculative activities of the overseas capital.
	www.chinadaily.com.cn /opinion/2006-07/18/content_642989.htm (1019 words)

	Sun.Star Manila - Overseas Pinoy workers’ remittances to continue to prop up RP economy: lawmaker
		Filipino families living on remittances of their relatives abroad continue to increase,” he said.
		Nonetheless, according to Villar, through their remittances and investments, OFWs are already a major contributor to the local economy.
		Remittances contribute to consumer spending, which accounts for around 70 percent of the GDP.
	www.sunstar.com.ph /static/man/2007/01/07/bus/overseas.pinoy.workers.remittances.to.continue.to.prop.up.rp.economy.lawmaker.html (404 words)

	Remittances - the impact on communities (Site not responding. Last check: 2007-10-15)
		Regular remittances sent home by the children's father, Anwar, who works as an electronic repairman in Norway, have brought a change in the family's fortunes.
		While the impact of overseas remittances is clearly visible in a small community like Kharian, people in the bigger cities like Lahore are becoming more aware of the attraction of working abroad, where they may find greater opportunities than are available locally.
		The social cost of remittances from overseas can be high: wives left at home, sometimes for years, often feel increasingly isolated; children grow up with absentee fathers they rarely see.
	www.irinnews.org /print.asp?ReportID=47167 (1094 words)

	Philippines to remain dependent on overseas remittances: Arroyo
		Their remittances have for years helped prop up the Philippine economy in times of crises, the most recent of which was the Asian financial meltdown in 1997 and 1998.
		Overseas workers are referred to as the country's modern-day "heroes".
		The president, who departed for Manila later August 26, said she would work for the passage of a bill allowing overseas Filipinos to be able to vote, and stoked the nationalist fire in her nationals working abroad.
	www.singapore-window.org /sw01/010826a1.htm (603 words)

	TeleCommons Development Group: Grameen Telecom's Village Phone Programme: Section 2
		We found that 38% of the sample had at least one family member from their household living overseas, which in itself demonstrates the degree to which external migration for work is currently having an impact on village life in Bangladesh.
		Having a family member working overseas was significantly correlated with phone use, with 75% of respondents with a family member working overseas reporting that they had used a phone while 45% of people with no family members working overseas had never used a phone.
		Remittances from overseas workers have important micro-implications for rural households and villages.
	www.telecommons.com /villagephone/section2.html (8136 words)

	BD trying to catch up with Pakistan: Remittances -DAWN - Business; 10 February, 2004
		This means that Bangladesh managed to reduce the gap between inward remittances from overseas Pakistanis and Bangladeshis to $269 million in July-December 2003, from $669 million in a year- ago period.
		They say the workers' remittances are bound to fall during this fiscal year because large one-off remittances have almost come to a halt.
		But as the pie of Pakistani workers' remittances is actually much larger than what the economic managers believe it to be - there is still room for the country to attract more of foreign exchange through remittances.
	www.dawn.com /2004/02/10/ebr2.htm (641 words)

	Till to Tiller: Linkages between international remittances and access to land in West Africa
		Thirdly, inflows of remittances may exacerbate competition and even conflict, as individuals and groups seek to buy scarce valuable resources such as residential land in urban areas, and may foster corrupt practices by central and local government officials seeking to gain from that competition.
		Little is known for instance of the role that remittances play regarding access to land and other natural resources in the home countries, and of the factors and policies that can help maximise their social and economic outcomes.
		Cape Verde is an extreme example, as migrants overseas outnumber the resident population; remittances are estimated to represent 25-30 percent of the country’s income (Carling, 2002).
	www.fao.org /docrep/007/j2815e/j2815e02.htm (2017 words)

	ABS-CBN Interactive (Site not responding. Last check: 2007-10-15)
		Remittances from overseas Filipino workers (OFWs) coursed through commercial banks rose by 18.1 percent in June to reach $1.1 billion, the Bangko Sentral ng Pilipinas (BSP) reported Tuesday.
		The increase brings total remittances for the first half of the year to $6 billion or a year-on-year growth of 15.4 percent.
		Preliminary data from the Philippine Overseas Employment Administration (POEA) said deployment of overseas workers grew by 8.9 percent in June to 102,682.
	www.abs-cbnnews.com /topofthehour.aspx?StoryId=47411 (160 words)

	Asia Times - Asia's most knowledgable news source
		In fact, those countries that already base much of their economy on overseas remittances appear to have become "hooked" on them as a long-term source of income in themselves, rather than as means to build self-sufficiency.
		The statistics on remittances economies are galling: countries that began exporting their workers abroad decades ago continue to do so without much improvement to their structural economies.
		Although remittances received from abroad have been seen as the next best alternative to countries that are permanently looking for handouts or foreign aid, research has shown that once a country is "addicted" to remittances, it is difficult to wean off of them.
	www.atimes.com /atimes/Global_Economy/FH28Dj01.html (1196 words)

	GLOBAL: Remittances make the world go round - OCHA IRIN (Site not responding. Last check: 2007-10-15)
		"Remittances to developing countries from overseas resident and non-resident workers are estimated to have increased by US $10 billion (8 percent) in 2004, reaching $126 billion," noted the report [http://siteresources.worldbank.org/
		Remittances are a tremendously important source of finance and foreign exchange to many African households and nations.
		Remittance recipients tend to be better off than their peers who do not receive remittances.
	www.irinnews.org /S_report.asp?ReportID=47161 (2540 words)

	Migration Information Source - How Remittances Help Migrant Families
		For an overseas worker earning wages in a foreign currency, the depreciation of the Philippine peso was beneficial, as foreign earnings were convertible to more pesos after the depreciation.
		By using household survey data from the Philippine government on 1,600 households with overseas members, it was possible to examine the exchange rate shocks' impact on migrant workers' origin households from July 1997 to October 1998.
		In households with an overseas worker, remittances accounted for a substantial portion of total income prior to the crisis: 40 percent, on average.
	www.migrationinformation.org /Feature/display.cfm?id=270 (2241 words)

	Decree of the State Council Concerning the Implementation of the Policy of Protecting Remittances by Overseas Chinese ...
		Overseas remittances are incomes of overseas Chinese earned from labour
		abroad and of the relatives of overseas Chinese.
		Overseas remittances are the lawful incomes of the relatives of
	www.asianlii.org /cn/legis/cen/laws/dotscctiotpoprboc19551039 (797 words)

	OVERSEAS REMITTANCES OUTSTRIP ODA & FDI FOR POOR COUNTRIES
		India, Mexico and the Philippines were the three countries which got the largest amount of remittances from their nationals overses, said Bastani at the opening of a joint conference on how such remittances could lower poverty.
		Terry remarked that the total amount of overseas remittances to poor countries was officially placed at 126 billion dollars but that all studies showed that there were still vast amounts going through unofficial channels.
		Bestani said the overseas remittances were very effective as the money was going to the poor who need it most.
	www.newsflash.org /2004/02/hl/hl102796.htm (2376 words)

	Remittances by Overseas Filipino Workers to Hit Record $14.1 Bil. \| Asian American News \| GoldSea (Site not responding. Last check: 2007-10-15)
		Remittances by Overseas Filipino Workers to Hit Record $14.1 Bil.
		The 2006 remittances are expected to reach US$13.4 billion (euro10.4 billion), up from US$11.9 billion (euro9.2 billion) last year, according to the Philippine Central Bank.
		Deputy Gov. Diwa Guinigundo said that a slowdown in the global economy next year may affect demand for Filipino workers, which is already high at more than 8 million, or 10 percent of the population.
	goldsea.com /Asiagate/611/20workers.html (260 words)

	Online edition of Daily News - News (Site not responding. Last check: 2007-10-15)
		Workers' remittances - the portion of overseas' workers' earnings sent back to their family in the home country - are a huge and growing business.
		India, the world's largest workers' remittance recipient country, accounted for 62.5% of the inflows to South Asia, while the Philippines accounted for 58% of remittances to East Asia and the Pacific in 2001.
		Thus, the remittance business could be a win-win proposition for MFIs and their clients.
	www.dailynews.lk /2003/07/01/new20.html (519 words)

	BD remittances grow faster than Pakistan -DAWN - Business; August 7, 2005
		These remittances were larger than what overseas Bangladeshis sent back home during this period.
		A comparison of the remittances’ data of Pakistan and Bangladesh show that in the last four fiscal years, overseas Pakistanis have sent home $14.5 billion.
		But what keeps the official inflow of remittances far lower than this level is that much of the same finds it way into the country through illegal and informal modes of transfer including hundi or havala.
	www.dawn.com /2005/08/07/ebr6.htm (601 words)

	Invisibles overtake visible exports
		But there is one respect in which India is world number one: remittances from the overseas Diaspora.
		Remittances have been rising to many countries including India, and will doubtless continue increasing.
		Private transfers have four components: (a) inward remittances from overseas Indians; (b) local withdrawals of NRI bank deposits and redemption of NRI bonds; (c) gold and silver in personal baggage; and (d) donations to religious and charitable organizations.
	www.swaminomics.org /et_articles/et20050525_unexp_bonan_NRI.htm (925 words)

Try your search on: Qwika (all wikis)