remittance


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re·mit·tance

(rē-mit'ăns)
A temporary amelioration, without actual cessation, of symptoms.

remittance

(rē-mĭt′ĕns)
A temporary abatement of symptoms.
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Similarly, the initiatives of banks and non-bank remittance service providers to expand their international and domestic market coverage through tie-ups abroad as well as the introduction of innovations in their remittance products continued to support the steady inflow of remittances.
NEW YORK, July 22, 2015 /PRNewswire/ --EXECUTIVE SUMMARY The report titled "Malaysia Remittance Industry Outlook to 2019 -- Driven By Increasing International and Domestic Migration" provides detailed overview on international and domestic remittance market in Malaysia along with their segments.
com/research/q83sr5/market_overview) has announced the addition of the "Market Overview of the Money Remittance Market in Southeast Asia (SEA)" report to their offering.
Remittance flows to countries in East Asia and Pacific region, in particular, will increase by just 2.
Also, remittance inflows to Lebanon were lower than those to Egypt ($19.
The economic contraction in Russia, a major remittance source country, has resulted in migrant job losses while the depreciation of the ruble has reduced the real incomes of migrant workers in Russia and reduced the value of remittances in US dollar terms.
Remittance flows to developing countries are expected to recover in 2016 to reach $459 billion, rising to $479 billion in 2017.
Westpac announced on Tuesday that it would quit its remittance business on March 31, 2015.
The volume of remittance in general rose by 2 percent (year-on-year) in August 2014 compared to remittances of the same period last year which stood at SR17.
In 2013, remittances to Central America and the Caribbean increased over the previous year while remittance flows to South America and Mexico declined, resulting in flat growth for the region as a whole, according to a report from the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, reports Caribbean News Now (June 11, 2014):
The latest estimates reflect recent changes to The World Bank Group's country classifications, with several large remittance recipient countries, such as Russia, Latvia, Lithuania and Uruguay no longer considered developing countries.
Remittance volumes to developing countries, as a whole, are projected to continue growing strongly over the medium term, averaging an annual growth rate of nine per cent to reach $540 billion in 2016.