By this time next year, LIRNEasia will have much to say on this subject.
Western Union Empire Moves Migrant Cash Home – New York Times
With five times as many locations worldwide as McDonald’s, Starbucks, Burger King and Wal-Mart combined, Western Union is the lone behemoth among hundreds of money transfer companies. Little noticed by the public and seldom studied by scholars, these businesses form the infrastructure of global migration, a force remaking economics, politics and cultures across the world.
Last year migrants from poor countries sent home $300 billion, nearly three times the world’s foreign aid budgets combined.
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2 Comments
Donald Gaminitillake
Interesting from telegrames to money trasfers
In srilanka Ceylinco group promoted this product with lots of ad on TV “Uncle Johnson” sending the money to buy a wedding ring!!!!
Today Ceylinco is out of this western union but Peoples Bank has taken agency!!! Also I have seen NDB and Aitkenspence has joined.
Donald
Jimmy T
One would expect remittances to remain relatively stable because the money isn’t usually used for investments, but I guess unemployment is going to hurt just about everyone! Here is an interesting article on why remittances might fall in the next couple of years: https://www.mindreign.com/en/mindshare/Global-Economics/Remittances/sl35291137bp484cpp10pn1.html
Request For Proposals: Development of an educational video and/or interactive game on countering misinformation
LIRNEasia is inviting Proposals from qualified firms and organizations to create two counter measures – the creation of a video and creation of an online game. Details are provided in the full RFP.
LIRNEasia Chair commended in the Parliament of Sri Lanka
During the parliamentary debate on the Telecom Bill on Tuesday, July 9, 2024, Member of Parliament Charitha Herath emphasised the need for public engagement and expert consultation in the lawmaking process. He cited the Telecommunications Act amendment as an example where expert input from individuals like LIRNEasia Chair Prof.
LIRNEasia at the European Rights & Risks Stakeholder Engagement Forum: Key Takeaways
The European Union’s Digital Services Act (DSA) represents a landmark regulation aimed at creating a safer and more transparent online environment. Central to the DSA are mandates for large online platforms and search engines, referred to as Very Large Online Platforms (VLOPs) and Very Large Online Search Engines (VLOSEs), to conduct Systematic Risk Assessments (SRAs) and engage in meaningful consultations with civil society.
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