OFWs’ remittances in February hit $2.5B

Inquirer.net 04/16/2018

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…

OFW remittances hit $2.28B in October — BSP

Inquirer.net 12/17/2017

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…

OFW remittances up

Inquirer.net 10/16/2017

Remittances of foreign currency by expatriate Filipinos continue to rise as of August 2017, thanks to sustained inflows from workers with both long- and short-term employment contracts, the Bangko Sentral ng Pilipinas (BSP) said on Monday. In…

Promises to labor

Editorial 05/02/2017

There’s something to look forward to with President Rodrigo Duterte’s announcement of new programs for the country’s labor sector, particularly his proposed bank for overseas workers and promise to end contractualization once and for all. At a…

PH economy will sustain growth under Duterte, says economist

Victor Anthony V. Silva 06/02/2016

A change in administration will have little to no effect on the growth of the Philippine economy due to huge revenue contributions from overseas Filipino workers (OFWs) and the information communications technology-business process management (ICT-BPM) sector, an…

Bank forecast: OFW remittances to increase by 8.5%

Inquirer 01/14/2014

OVERSEAS remittance flows to the Philippines will likely expand at a faster pace of 8 to 8.5 percent in 2014 on improved global growth prospects and post-supertyphoon Yolanda reconstruction, according to the British bank Standard Chartered (Stanchart).…

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