Month: March 2016

Foreign banks cut remittance tie-ups – The Standard

Interesting development taking place for Philippines. Considered to be one of the safest countries to send money, now no more. Banks are severing their tie-ups with Philippines based banks – citing the risk that was associated with doing business in Philippines due to the recent central bank heist where US$ 81 Million was siphoned away …

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Company in focus: Huge cyber heist via RCBC rocks Philippines banking- Nikkei Asian Review

Philippines Banking System In Trouble If you’re wondering why suddenly MSBs in the US and UK are wary of Philippines, it is because of what happened in Bangladesh. The US$ 81 Million that was stolen in a cyber heist is being traced back to the Philippines banking system and investigators are uncovering more collusion with …

Company in focus: Huge cyber heist via RCBC rocks Philippines banking- Nikkei Asian Review Read More »

Pakistan on 8th position with $20.1 billion remittances | Pakistan Today

This is an interesting article that covers the growing remittances of Pakistan well, but fails to mention a couple of things what is contributing this growth. Let’s face it, if you think Pakistan’s human capital export to the Middle East is skyrocketing, you’re sadly mistaken. It is not. Black-to-White. Let’s get the elephant out of the …

Pakistan on 8th position with $20.1 billion remittances | Pakistan Today Read More »

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