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remittances

Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows

by Anas Siddiqui
Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows

The yuan is facing its highest level of capital outflow in eight years, according to new research, and data suggest a wave of offshore yuan remittances from Hong Kong to …

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Malaysia’s upgrade in US human trafficking index decried as ‘disappointing’ amid migrant worker woes

by Walter Watson
Malaysia’s upgrade in US human trafficking index decried as ‘disappointing’ amid migrant worker woes

The annual TIP report issued by the US State Department, ranks governments based on their efforts to acknowledge and combat human trafficking and remains one of the few global indices …

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Malaysians shocked by thousands of Bangladeshis crowding at airport to beat deadline for legal work

by Walter Watson
Malaysians shocked by thousands of Bangladeshis crowding at airport to beat deadline for legal work

Thousands of migrant workers from Bangladesh rushed to beat a hard Friday deadline for new labourers to enter Malaysia, but many more are shut out from being able to work …

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About 5.7 million in Syria live in extreme poverty amid civil war, World Bank says

by Walter Watson
About 5.7 million in Syria live in extreme poverty amid civil war, World Bank says

More than a quarter of Syrians lived in extreme poverty, the World Bank said on Saturday, 13 years into a devastating civil war that has battered the economy and impoverished …

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Singapore remittance clampdown: innocent funds caught in China’s anti-money-laundering crusade, experts say

by Walter Watson
Singapore remittance clampdown: innocent funds caught in China’s anti-money-laundering crusade, experts say

Cross-border payment experts said innocent money remitters in Singapore were likely caught up in increasingly common money laundering raids by Beijing that freeze Chinese accounts as part of their investigations. …

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Singapore restricts remittances to China after US$10 million in funds frozen

by Walter Watson
Singapore restricts remittances to China after US million in funds frozen

Singapore’s financial regulator has ordered remittance companies in the city state to halt the use of nonbank and non-card channels when sending money to people in China from January 1. …

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