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Regulation, Risk & Compliance
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Nomura: Remittances may take a hit from Kuwait deployment ban
A permanent ban on the deployment of Filipino workers to Kuwait may affect remittances in the medium-term, with dollars flowing out of the economy in the last 12 months, analysts at financial services group Nomura said. In February, President Rodrigo Duterte repeatedly lashed out at Kuwait and barred Filipinos from…
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