“…Most significantly, the remittances sent back home by the migrant labourers working abroad from their original homeland have facilitated to improving the living standards of their respective family members, educating the children, debt defrayal, and also the remittances have helped to plummeting the cost of borrowing remarkably in the arena of international capital market (Athukorala, 1992;Jones & Pardthaisong, 1999;Sorensen et al, 2002;Glytsos, 2002;AMC & AFA, 2005, p. 56;Ghosh, 2006;Skeldon, 2008a;Jampaklay & Kittisuksathit, 2009, p. 1;Yoeh et al, 2010;Agbola & Acupan, 2010;Promsaka Na Sakolnakorn et al, 2013). Additionally, the literatures also mention that the remittance has the potentiality to minimizing the poverty in the respective country (Richard et al, 2005;Skeldon, 2008a;Promsaka Na Sakolnakorn et al, 2013).…”