President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Director of Financiera para el Bienestar Rocio Mejia Flores, speaks about the program for migrants living in the United States that using the Finabien card to send remittances to Mexico during a briefing. at the National Palace on July 21, 2025 in Mexico City, Mexico. Photo by Luis Barron/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo speaks about the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo shows the Financial for Bienestar card while speak the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Rocio Mejia Flores, Director of Finabien, speaks about the Financial for Bienestar card, which will be the best alternative for sending remittances and avoiding the 1% tax per transfer, and can be requested at Mexico's embassies in the United States during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo shows the Financial for Bienestar card while speak the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo is seen behind while Rocio Mejia Flores, Director of Finabien, speak about the Financial for Bienestar card, which will be the best alternative for sending remittances and avoiding the 1% tax per transfer, and can be requested at Mexico's embassies in the United States during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo shows the Financial for Bienestar card while speak the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo speaks about the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo speaks about the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo speaks about the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo shows the Financial for Bienestar card while speak the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo speaks about the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo shows the Financial for Bienestar card while speak the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico's President Claudia Sheinbaum Pardo shows the Financial for Bienestar card while speak the avoid paying taxes on remittances sent to Mexico during a news conference at National Palace. on July 18, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

President Claudia Sheinbaum Holds Briefing - Mexico

President Claudia Sheinbaum Holds Briefing - Mexico

Mexico’s President Claudia Sheinbaum Pardo, speaks during a news conference about the 3.5% tax on remittances by the US government at National Palace on May 23, 2025 in Mexico City, Mexico. Photo by Carlos Santiago/Eyepix Group/ABACAPRESS.COM

Remittances to Mexico to reach historic highs in 2023, 2024: report

STORY: Remittances to Mexico to reach historic highs in 2023, 2024: report DATELINE: Aug. 27, 2023 LENGTH: 00:01:05 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of Mexico City reflecting its economy STORYLINE: According to a recent report released by the financial group Banco Bilbao Vizcaya Argentaria (BBVA), the flow of remittances arriving in Mexico will again reach historic highs in 2023 and 2024. The "Yearbook of Migration and Remittances 2023," released on Thursday by BBVA Mexico, said that the flow of resources arriving in Mexico will increase to 63.7 billion U.S. dollars in 2023, an increase of 8.9 percent compared to the end of 2022, and 67.9 billion dollars in 2024, an increase of 6.6 percent. The report explained that Mexico is currently the second-largest country with the most remittances in the world. For several years, remittances have been the key source of foreign exchange for Mexico, ahead of foreign direct investment, crude oil exports, and international tourism. Xinhua

Egypt launches initiative to enhance decision-making for better development

STORY: Egypt launches initiative to enhance decision-making for better development DATELINE: Aug. 3, 2023 LENGTH: 00:01:02 LOCATION: Cairo CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of projects STORYLINE: The Public Policy Forum of the Egyptian Information and Decision Support Center headed by the Council of Ministers of Egypt, in cooperation with UNICEF, is launching the "Let's Think for Our Country" initiative in the new administrative capital. The initiative includes organizing a research competition to present specialized policy papers in 5 main axes, which contributes to increasing the competitiveness of the Egyptian economy. The initiative aims to present about 50 innovative ideas in areas including promoting Egyptian exports in international markets, foreign direct investment, enhancing tourism sector revenues, maximizing the flows of remittances of workers abroad, and enhancing the revenues of the Suez Canal. More than 150 specialized experts from over 20 Egyptian public and private universi

KENYA-NAIROBI-FLOWER VENDOR

KENYA-NAIROBI-FLOWER VENDOR

(230704) -- NAIROBI, July 4, 2023 (Xinhua) -- A vendor waters flowers at a flower shop in Nairobi, Kenya on July 4, 2023. Kenya is one of the world's leading exporters of cut flowers. Its flower exports are among the top foreign exchange sources alongside tea, diaspora remittances and tourism. (Xinhua/Wang Guansen)

KENYA-NAIROBI-FLOWER VENDOR

KENYA-NAIROBI-FLOWER VENDOR

(230704) -- NAIROBI, July 4, 2023 (Xinhua) -- A vendor arranges flowers at a flower shop in Nairobi, Kenya on July 4, 2023. Kenya is one of the world's leading exporters of cut flowers. Its flower exports are among the top foreign exchange sources alongside tea, diaspora remittances and tourism. (Xinhua/Wang Guansen)

KENYA-NAIROBI-FLOWER VENDOR

KENYA-NAIROBI-FLOWER VENDOR

(230704) -- NAIROBI, July 4, 2023 (Xinhua) -- A vendor arranges flowers at a flower shop in Nairobi, Kenya on July 4, 2023. Kenya is one of the world's leading exporters of cut flowers. Its flower exports are among the top foreign exchange sources alongside tea, diaspora remittances and tourism. (Xinhua/Wang Guansen)

KENYA-NAIROBI-FLOWER VENDOR

KENYA-NAIROBI-FLOWER VENDOR

(230704) -- NAIROBI, July 4, 2023 (Xinhua) -- A vendor trims flowers at a flower shop in Nairobi, Kenya on July 4, 2023. Kenya is one of the world's leading exporters of cut flowers. Its flower exports are among the top foreign exchange sources alongside tea, diaspora remittances and tourism. (Xinhua/Wang Guansen)

KENYA-NAIROBI-FLOWER VENDOR

KENYA-NAIROBI-FLOWER VENDOR

(230704) -- NAIROBI, July 4, 2023 (Xinhua) -- This photo taken on July 4, 2023 shows a vendor holding flowers in Nairobi, Kenya. Kenya is one of the world's leading exporters of cut flowers. Its flower exports are among the top foreign exchange sources alongside tea, diaspora remittances and tourism. (Xinhua/Wang Guansen)

Mexico's economy grows 3 pct in 2022: report

STORY: Mexico's economy grows 3 pct in 2022: report DATELINE: Feb. 1, 2023 LENGTH: 00:01:31 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of Mexico City STORYLINE: The Mexican economy expanded by 3 percent in 2022, thanks to its three major productive sectors, the National Institute of Statistics and Geography said in a preliminary report Tuesday. The figure represented a deceleration compared to the 4.7-percent growth in 2021. By sector, industrial activity grew by 3.2 percent in 2022, followed by 3 percent in the agricultural sector, and 2.7 percent in the service sector which has the highest GDP contribution, according to the statistics agency. In a separate report, Alfredo Coutino, head of Latin America economic research at Moody's Analytics, said Mexico continued to benefit from exports to the U.S. market, as well as income from tourism and remittances, which reached an all-time high last year. However, the outlook for 2023 faces significant issues such as an economic sl

FSA plans penalty for Korea Exchange Bank for illicit remittances

FSA plans penalty for Korea Exchange Bank for illicit remittances

TOKYO, Japan - Pedestrians pass by the Tokyo branch of Korea Exchange Bank in Tokyo's Chiyoda Ward on March 3. Japan's Financial Services Agency is set to take disciplinary action against the Japanese branches of the Seoul-based bank for its alleged involvement in illegal remittances, FSA officials said.

Lower house passes 50 million yen cap on political donations

Lower house passes 50 million yen cap on political donations

TOKYO, Japan - The House of Representatives passes amendments to the Political Funds Control Law on Oct. 18 to put an annual 50 million yen cap on donations between political groups. The bill requires political parties' fund management bodies to use bank remittances both for incoming and outgoing donations in order to boost transparency.

Remittances from Egyptian expatriates hit 31.9 bln USD in fiscal 2021-2022

STORY: Remittances from Egyptian expatriates hit 31.9 bln USD in fiscal 2021-2022 DATELINE: Aug. 24, 2022 LENGTH: 00:01:03 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt (CBE) 2. various of an accountant counting banknotes 3. various of different banks and ATMs in Egypt STORYLINE: The remittances from Egyptian expatriates rose to 31.9 billion U.S. dollars in the fiscal year 2021-2022 ending June, the Central Bank of Egypt (CBE) said Tuesday. The figure registers a 1.6-percent increase from 31.4 billion dollars in the fiscal year 2020-2021, according to a CBE statement. Official statistics show some 13 million Egyptians living and working abroad, mainly in the Gulf countries. "Remittances from Egyptian expats, which were more than the total revenues of direct investments, Suez Canal and tourism in the fiscal year 2021-2022, have become a cornerstone of Egypt's economy," Egyptian economist Karim Al-Omda said. He explained that the Egyptian workers abroad p

Lower house passes 50 million yen cap on political donations

Lower house passes 50 million yen cap on political donations

TOKYO, Japan - The House of Representatives passes amendments to the Political Funds Control Law on Oct. 18 to put an annual 50 million yen cap on donations between political groups. The bill requires political parties' fund management bodies to use bank remittances both for incoming and outgoing donations in order to boost transparency. (Kyodo)

FSA plans penalty for Korea Exchange Bank for illicit remittance

FSA plans penalty for Korea Exchange Bank for illicit remittance

TOKYO, Japan - Pedestrians pass by the Tokyo branch of Korea Exchange Bank in Tokyo's Chiyoda Ward on March 3. Japan's Financial Services Agency is set to take disciplinary action against the Japanese branches of the Seoul-based bank for its alleged involvement in illegal remittances, FSA officials said. (Kyodo)

Japan gov't looking to strengthen sanctions against N. Korea

Japan gov't looking to strengthen sanctions against N. Korea

Chief Cabinet Secretary Yoshihide Suga attends a regular news conference in Tokyo on Jan. 12, 2016. Regarding Japan's strengthening of sanctions against North Korea in response to the latter's recent nuclear bomb test, Suga stated that policies such as the prohibition of remittances have been included as options to consider. (Kyodo) ==Kyodo

Japan's Mizuho Bank hit by 4th glitch in two weeks

Japan's Mizuho Bank hit by 4th glitch in two weeks

Mizuho Bank President Koji Fujiwara speaks at a press conference in Tokyo on March 12, 2021, after the Japanese megabank suffered its fourth system glitch in two weeks. The hardware trouble at its data center on the night of March 11 led to a delay of about 300 foreign currency-denominated remittances for corporate customers in Japan.

Japan's Mizuho Bank hit by 4th glitch in two weeks

Japan's Mizuho Bank hit by 4th glitch in two weeks

Mizuho Bank President Koji Fujiwara speaks at a press conference in Tokyo on March 12, 2021, after the Japanese megabank suffered its fourth system glitch in two weeks. The hardware trouble at its data center on the night of March 11 led to a delay of about 300 foreign currency-denominated remittances for corporate customers in Japan.

Japan's Mizuho Bank hit by 4th glitch in two weeks

Japan's Mizuho Bank hit by 4th glitch in two weeks

Mizuho Bank President Koji Fujiwara bows at a press conference in Tokyo on March 12, 2021, after the Japanese megabank suffered its fourth system glitch in two weeks. The hardware trouble at its data center on the night of March 11 led to a delay of about 300 foreign currency-denominated remittances for corporate customers in Japan.