Bangkok - Over the past three to four years, one of Asia's fastest growing industries has been exporting workers, especially to the oil-driven, construction-crazed economies of the Middle East.
Remittances have become a major contributor to foreign exchange earnings and gross domestic products (GDPs), peaking at an estimated 116 billion dollars in 2008.
This year, the money flows were expected to slow as construction projects are shelved and other jobs dry up in Gulf nations, such Abu Dhabi, Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates, which have employed up to 13 million foreign workers, 11 million of whom hailed from Asia. Read more
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