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
Rethinking Sri Lanka’s Data Centre Hub Ambition
The idea of turning Sri Lanka into a regional data centre hub is an attractive one, particularly in the context of growing global demand for digital infrastructure and AI-driven services. However, it raises important economic questions, especially whether this is a viable and high-return investment strategy for a small, fiscally constrained economy like Sri Lanka.
Nepal’s digital crossroads: building a transparent data governance framework
Nepal’s evolving digital landscape highlights a growing tension between constitutional guarantees of privacy and access to information, and a fragmented, outdated data governance framework. In a recent article published in Republica on March 17, 2026, Avash Mainali, Country Researcher for Nepal for LIRNEasia’s D4D Asia project, argues that while the introduction of the Personal Data Protection Policy, 2082 (2025), marks a positive step, its impact will depend on whether it can move beyond aspirational language to enforceable rights.
LIRNEasia CEO Helani Galpaya Shares Insights on AI and Labour at ISLE Conference 2026
Artificial intelligence is rapidly transforming labour markets worldwide. In the Global South, however, these changes are unfolding unevenly, shaped by labour markets defined by high levels of informality, uneven social protection, and large skills gaps.
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