Remittances up 5.2% in April

July 01, 2014 | BY : jagged-dev

(Via: PhilStar ) MANILA, Philippines – Personal remittances – made up of cash and non-cash items –  from overseas Filipino workers went up  5.2 percent  to $2.124 billion in April from $2.09 billion a month ago, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The 5.2-percent growth brought the four-month tally to  $8.209 billion.  “The sustained growth […]

OFW remittances: Where the money comes from

July 01, 2014 | BY : jagged-dev

(Via:  Rappler) MANILA, Philippines – Overseas Filipino workers (OFW) are often called modern day heroes by the motherland because they are willing to risk it all to support their families back home. The remittances they yield strengthen the economy, provides for the government spendings, and other social assistance. (READ: Philippine economy can’t do without OFW remittances […]

Robust remittances to prop up Phl BOP position

July 01, 2014 | BY : jagged-dev

(Via:  PhilStar) MANILA, Philippines – The robust inflows of remittances from Filipinos abroad will continue to support the country’s balance of payments position and private consumption, Singapore-based DBS Bank said. In a research note, the bank said despite remittances rising at a slower rate of 5.2 percent in April, the four-month total has already reached […]