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Pension funds typically allow members to make lump-sum withdrawals when they hit retirement age. The downside to this is that members can deplete thei. ....
Elevated inflation along with the possible recession in the US are seen to hit the growth of remittances from overseas Filipino workers (OFWs). However, continued reopening and recovery of OFW-host countries along with high demand for Filipino workers are seen to cushion any impact of high inflation and the looming recession. (File photo) MANILA-Growth of remittances being sent by overseas Filipino workers (OFWs) is seen to be affected by a possible recession in the US, with an economist noting also the impact of elevated inflation. Cash inflows from OFWs posted a 5.7 percent year-on-year growth in November 2022 to USD2.64 billion. The amount, however, is lower than the previous month's USD 2.91 billion. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort, in a report, traced the lower monthly cash remittance inflows partly to higher US dollar-Philippine peso exchange rate in the latter part of 2022 compared to the earlier part of the year. The local curren ....
New Delhi [India] July 29 (ANI/BusinessWire India): Udemy, a leading destination for learning and teaching online, today announced the publication of its inaugural "ESG Impact Report: Improving Lives Through Learning." The report highlights Udemy's positive societal impact since its founding in 2010, specifically spotlighting the advancement opportunities that online education enabled during the economic uncertainty of the COVID-19 pandemic, and the company's continued work to help individuals, communities and organizations globally gain marketable skills for future success. As of May 2022, 52 million learners and 68,000 instructors are part of the Udemy online education marketplace. "Access to high-quality education lifts individuals, and in turn, lifts businesses, communities, and societies," said CEO Gregg Coccari. "During a time of intensifying market volatility and increasing inequality around the globe, we're proud that our platform enables re ....
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