From Government of Indonesia

2007 Worker Remittances Seen Up

Money sent home by Indonesians working overseas is likely to rise 41% to $4.8 billion this year from last year as more workers seek jobs abroad, an official said Thursday (13/9/07).

Arini Rahyuwati, who heads a unit monitoring workers remittances at the state agency for overseas workers, said Indonesian workers overseas sent $3.4 billion home last year.

They sent $2.7 billion in the first half of this year, up 108% from the year-ago period, and the amount is expected to rise to about $5 billion next year, Rahyuwati told Reuters in an interview.

According to government statistics, some 5 million Indonesians, or about 2% of the population, work overseas.

The agency data showed Indonesia is likely to send 700,000 new workers abroad annually in the coming years compared with 450,000 workers a year in the past few years.

The higher remittances come as some of the country's major commercial banks such as Bank Central Asia (BCA) and Bank Negara Indonesia (BNI) are seen expanding their services to capitalize on growing demand for banking services from Indonesians working overseas.
_________________________ Indonesian Business and Investment News Aggregator