Showing 1 - 10 of 206
News

Overseas Filipino Worker Remittances May Drop by $5 Billion This Year

Latest data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances coursed through banks declined by 6.4 percent to $11.55 billion from January to May compared to $12.35 billion in the same period last year.

News

Asia-Pacific May See $31.4-54.3 BN Remittance Losses Due to COVID-19: ADB

Asia Pacific, which accounts for a third of the global migrant workforce, is likely to face remittance losses of $31.4-54.3 billion due to the coronavirus pandemic, the Asian Development Bank (ADB) said in a report.

News

Nearly 5,000 Nepali Workers Apply to Return Home on Government Support

Nepali missions abroad are verifying applicants’ status before recommending their names to the government to provide them airfare from Migrant Workers Welfare Fund.

News

IFC Loans to Vietnam Prosperity Bank and Oriental Bank to Boost Finance for Local Businesses Amid COVID-19, Support Economic Recovery

The aim of the additional financing is to help local businesses with disrupted cash flows sustain operations and maintain jobs.

News

EFSE Loans Additional EUR 2 Million to BT Leasing to Expand Access to Financing for Moldovan Entrepreneurs

The investment particularly aims to bolster the ability of micro and small enterprises to continue operations in an environment made difficult by the COVID-19 crisis.

News

SME Bank and ARDB Disburse $63M in Loans

Ministry of Economy and Finance undersecretary of state Ros Seilava told a news conference that the economic crisis instigated by COVID-19 had been the primary trigger for the emergency SME lending endeavours.

News

Call for Case Studies: Good Practices in Risk Management for Agri-SME Finance Under COVID-19

This is an opportune time to take a close look at what tools exist in agricultural risk management that can be deployed both to address the current crisis and to build resilience for the future.

News

The Islamic Corporation for the Development of the Private Sector (ICD) is Committed to Strengthened the Islamic Finance During the COVID 19

Global Islamic Banking and Finance learning series is launched by AlHuda CIBE.

News

Bangladesh: Remittance Hits Record High in July

Many expats have been sending money as part of their preparation to return home due to joblessness abroad.

News

Drop in Remittances to Hurt Consumption in Philippines

Moody’s said the fall in remittances could further widen the current account deficit of the Philippines and other countries.