A special report on CNN said overseas Filipino workers (OFWs) may be bringing home billions of dollars in remittances each year but the challenge for many of them was how to spend the money wisely. Read the rest of this entry »
OFWs earn billions of dollars but save little
May 7, 2012
Remittances as of February up by 5.6%
April 17, 2012
MONEY SENT home by Filipinos living and working abroad grew by 5.6% as of February compared to the same period last year, the Bangko Sentral ng Pilipinas (BSP) yesterday said in a statement, buoyed by a continuing demand for Philippine manpower abroad. Read the rest of this entry »
Jan.-Feb. remittances totaled $3.1B
April 16, 2012
Money sent home by up to 10 million overseas Filipinos exceeded expectations in February by growing 5.8 percent to $1.6 billion instead of 5.2 percent as forecast by experts at Barclays in Hong Kong, for instance. Read the rest of this entry »
Remittances, inclusive growth
April 3, 2012
The Philippines has been quite successful in taking advantage of opportunities offered by the global labor markets probably more than have many other developing countries. Thanks to its wide bench of human capital formed by prior decades of investment in education which, in turn, had been motivated by the value Filipino families ascribe to schooling. Read the rest of this entry »
OFW families investing more – BSP survey
April 2, 2012
MANILA, Philippines – More beneficiaries of overseas Filipino workers (OFWs) are shifting to investments and savings but at the same time are keen on undertaking major purchases such as the acquisition of houses and motor vehicles, a ranking official of the Bangko Sentral ng Pilipinas (BSP) said. Read the rest of this entry »
OF remittances will not contract, Tetangco says
March 27, 2012
DESPITE the ongoing uncertainties in the host countries of the millions of overseas Filipinos, the Bangko Sentral is confident that the level of remittances will still grow this year, albeit slower than last year. Read the rest of this entry »
OFW families urged to save, invest more
March 27, 2012
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is urging beneficiaries of remittances to channel the money sent home to the Philippines by their loved ones overseas for more productive uses such as savings and investments. Read the rest of this entry »
OF remittances rise by 7.2% to $20.1B in 2011
February 16, 2012
The Bangko Sentral ng Pilipinas (BSP) said yesterday the remittances from overseas Filipinos (OF) coursed through banks for 2011 expanded by 7.2 percent to $20.1 billion relative to the year-ago level. Read the rest of this entry »
OFW inflows hit record $20.12 billion in 2011
February 16, 2012
MANILA, Philippines – Remittances from overseas Filipino workers (OFWs) hit a new record high of $20.117 billion in 2011, 7.2 percent or $1.254 billion higher than the $18.763 billion in 2010, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Read the rest of this entry »
OFW remittances up 7.2% to new record $20.12B in 2011
February 15, 2012
Remittances by overseas Filipinos workers (OFWs) reached a new record $20.117 billion last year, up $1.254 billion from $18.763 billion in 2010, Bangko Sentral ng Pilipinas officer-in-charge Juan de Zuñiga noted in a statement Wednesday. Read the rest of this entry »
