Tag Archives: remittance

Miss Universe 2016 will be held in the Philippines

Article from www.filamstar.com

By Corina Oliquino | FilAm Star Correspondent

MANILA — It’s official! The Miss Universe 2016 beauty pageant will happen in the Philippines as announced by the reigning Miss Universe Pia Wurtzbach last November 3.

In an Instagram video uploaded by Department of Tourism Undersecretary Kat de Castro, the Filipina beauty queen announced and confirmed that finally, the pageant will be held in the country on January 30, 2017 with the pre-pageant on January 13, 2017.

“Hi guys! Mabuhay! I’m so excited to share with you all that, yes, the Miss Universe competition is indeed happening in the Philippines and I can’t wait to show you all my beautiful country,” Wurtzbach announced in the Instagram video.

Continue reading Miss Universe 2016 will be held in the Philippines

Money Remittance Increases With California Minimum Wage Boost To $15

Minimum Wage Increase Means You Can Send Money to Mexico More Often

Some Mexicans have migrated to California in order to find better job opportunities. They often send money to Mexico to assist friends and family members back home. Unfortunately, along with better job opportunities comes a higher cost of living. Immigrants can be shocked to see how expensive California living is. If you’re working a minimum wage job, the pain of high living expense is even more burdensome. Now, there is good news! Recently, a law was tentatively passed that will increase the minimum wage to $15 by the year 2022. Currently at $10, the minimum wage could go up in increments, giving small businesses a chance to adjust. Continue reading Money Remittance Increases With California Minimum Wage Boost To $15

Basic Tips To Make Your Retirement Years More Enjoyable

With Careful Planning You Can Afford Sending Money Remittances to Loved Ones AND Retirement

If your “golden years” are fast approaching, you’re probably excited about the prospect of living out your greatest dreams. Maybe it’s time to purchase the beachside vacation home with 20-foot ceilings, or splurge on the sports car you’ve always fantasized over. Maybe you want to spend time traveling the nations, or simply want to learn how to garden. No matter what your dream is, finances have and always will play a role in your ability to fulfill it. For those fast approaching retirees who have loved ones overseas, the habit of sending money abroad to family might stifle the plans they have for a luxurious retirement. Continue reading Basic Tips To Make Your Retirement Years More Enjoyable

What’s the Best Way to Send Money Overseas? Cost and Convenience Comparison.

Sending Money Abroad Through Your Bank vs. Money Remittance Service Provider

With today’s technological advancements and capabilities, sending money abroad is easier than ever. Individuals who send money abroad to family or friends are often faced with many decisions before remittance can take place, and this may cause confusion. Different factors like transfer fees, reliability, transfer time and cost are important elements to consider if you want a loved one to safely and expeditiously receive money. The question often arises of whether or not it’s safer to use a bank or money remittance center to send money abroad. While the final answer does depend on the individual case, consider the following problems with banks the next time you are involved in money remittance. Continue reading What’s the Best Way to Send Money Overseas? Cost and Convenience Comparison.

Sending Money Home – How does Remittance Work?

Lucky Money Discusses Money Remittance to India, Mexico, Vietnam and Others

Remittance, the process of sending money to someone in a distant country, is most common between an immigrant and their relatives or friends in their home country. According to the International Monetary Fund, money remittance can be segregated into two categories:

1) Workers who have lived abroad for over a year
2) Workers who have lived abroad for less than one year

Continue reading Sending Money Home – How does Remittance Work?

U.S. Workers Sending Money to India Encourage Foreign Growth

Family Sending Money to India Help to Bolster Indian GDP

As India continues to top the charts for money remittance, their economy is experiencing a healthy recovery. Money transfer to India has been a stabilizing force for their economy in a number of ways. In 2014 alone, $70 million American dollars were sent to India. Not only was this money a welcome contribution to households depending on money sent to them due to lost wages, this cash infusion has positively affected the Indian economy on a macro level.

Continue reading U.S. Workers Sending Money to India Encourage Foreign Growth

Remittances to Mexico Rise 4.9% in Q1

Possible Reasons for Rise in Money Remittance to Mexico

Remittances sent to Mexico have been rising steadily over the past few years, according to some encouraging new studies. This past quarter in the first part of 2015 saw roughly $5.7 billion in money remittance to Mexico, which is a 4.9% increase from the same fiscal period last year. The rise in remittance, some experts say, indicates good things about the quality of life in Mexico in 2015. That said, although the Inter-American Development Bank argues that these findings suggest that Mexico’s economy is improving, other facts point to an opposite narrative. Continue reading Remittances to Mexico Rise 4.9% in Q1

India Tops Remittance Charts, Again

Money Remittance to India Continues to Soar

Anyone who wants to send money to India today is in for a treat – given the state of the economy as of May 2015, you can enjoy some of the best rates in the remittance industry. India topped the charts for the amount sent in remittances during 2014 with a total of $70.39 billion in transfers. China came in second with $54.14 billion, and the Philippines came in third with a much lower amount of $28.40 billion. Continue reading India Tops Remittance Charts, Again

Honduras: An Affordable Country to Send Money To

Money Remittance in Honduras

Here’s a key fact you should know before calculating your budget, particularly if you plan to send money overseas. Believe it or not, some countries charge you upwards of 20% or more of the total value of money remittance when sending amounts abroad. Other countries, like Honduras, enjoy some of the lowest rates of any land. You can send money from the United States to Honduras for as little as 2-3% of the total amount. Continue reading Honduras: An Affordable Country to Send Money To

The Benefits of Remittances in Developing Countries

Sending Money to the Philippines, Mexico, India, and beyond

Millions of U.S. immigrants work ferociously hard every day. They engage in this labor in part to be able to send money home to help loved ones pay bills and live a better life. These remittance payments don’t just provide benefits for friends and family members who receive them; they help fuel whole economies! Continue reading The Benefits of Remittances in Developing Countries