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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…
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…
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…
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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