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Money

What are the benefits of remittances?

Published

3 months ago

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How can remittances and money transfers help to further support a family or individual?

Remittances and money transfers play a crucial role in supporting families and individuals by providing a vital source of financial assistance.

Money transfers serve as a lifeline for many, enabling families to meet their basic needs, access education, and invest in opportunities that can uplift their economic well-being.

One significant way remittances support families is by covering essential expenses, including housing and education.

Remittances can also serve as a catalyst for economic empowerment at an individual level.

By providing individuals with the capital to pursue entrepreneurial endeavours, remittances contribute to local economic development.

As governments and financial institutions continue to facilitate secure and efficient money transfer systems, the positive impact of remittances is only expected to develop.

Simon Wilding, Country Manager for the AU & NZ regions at Ria Money Transfer, provides his insights on remittances and money transfer.

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Money

Why the meme-stock frenzy is unlikely to repeat

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2 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Money

Why are airlines after the Biden Administration?

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2 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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3 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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