Last year as many as 190m migrant workers sent cash home, according to the World Bank. These remittances amounted to US$337 billion, of which US$251 billion went to developing countries. But the cost of sending hard-earned cash depends on both the source and destination. On average, sending US$500 from Spain to Brazil will incur a modest charge of US$7.68, or a 1.
In its full color advertisement in today’s Sunday Times, Lanka Bell claims paying users for incoming calls is a new chapter in Telecom history. Is it? May be in Sri Lanka. But we have already discussed similar strategies elsewhere.
In addition to the Pacific Tsunami Warning Center in Hawai’i and the center in Japan, it appears that Australia will also be able to provide early detection data. While Australia will be the main beneficiary of the new centre, upgraded and expanded seismic monitoring will now extend to Indian Ocean countries including Indonesia, Thailand, Malaysia, India, Sri Lanka, Maldives, Mauritius and Kenya. “We can be confident now that nearly all these countries have either had their telecommunications upgraded, they’ve had assessment parties go through their countries, (or) their governments because of their loss of life have treated it very seriously.”