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MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high…
When thinking of a trusted local pawnshop and money remittance center, the first name that often comes to Filipinos’ minds is M Lhuillier. M Lhuillier is one of the Philippines’ largest non-bank financial institutions, whose services include…
Unlike land-based Overseas Filipino Workers (OFWs), a Filipino seafarer is required to make an allotment which shall be at least 80 percent of the seafarer’s monthly basic salary, payable once a month to his designated allottee in…
What’s the difference? Both the gross national product (GNP) and the gross domestic product (GDP) are sum totals of the money-value of goods and services produced over some period of time. The former refers to what is…
Viva Sto. Nino! The Sto. Niño is venerated all over the country with annual festivals celebrated every last two weekends of January through special masses, dances and processions attracting millions of devotees and tourists. The main religious festivals…
MANILA, Philippines – Dollars sent home by expatriate Filipinos declined once more in April, marking the second consecutive period that the impact of the coronavirus pandemic was manifested in monthly remittances — a key pillar of the…
DOLLARS sent home by expatriate Filipinos continued to exhibit relatively muted growth for the month of first ten months of the year and for October alone, compared to levels recorded during the same periods last year, data…
THE amount of dollars sent home by expatriate Filipinos rose further in the first nine months of the year, but data from the Bangko Sentral ng Pilipinas (BSP) also showed a continuation of flat growth trend in…
JAN-AUG 2018 The amount of dollars sent home by expatriate Filipinos rose further in the first eight months of the year, but data from the Bangko Sentral ng Pilipinas (BSP) also showed a worrisome trend of tapering…
The seabased sector’s remittance comprise at least 22% of the total dollar OFW remittances which help spur domestic consumption in the Philippines and a key ingredient in the country’s drive to achieve higher but sustainable growth. Under…
Dollars sent back home by expatriate Filipinos continued to rise in February on the back of larger remittance volumes from both land- and sea-based workers, the Bangko Sentral ng Pilipinas (BSP) said on Monday. In a press…
CASH sent home by Filipinos living and working abroad grew 8.4 percent in October, the fastest pace in seven months, to $2.28 billion ahead of the Christmas holiday season. The latest Bangko Sentral ng Pilipinas data released…
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