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Remittances: How Filipinos Abroad Keep the Philippines’s Economy Alive
LET us imagine the Philippines without its overseas Filipino workers (OFWs) and assume there are no temporary and permanent migrants and millions of Filipino families do not receive any remittance… Read more
OFW Remittances Seen Slowing in 2012
British banking giant Hong Kong and Shanghai Banking Corp. Ltd. (HSBC) sees a slower 5% growth in remittances from overseas Filipino workers (OFWs) due to external developments. In a report,… Read more
Nov. ’11 Remittances Hit New High of $1.78-B
Remittances of overseas Filipinos hit $18.3 billion in the first 11 months of 2011 with a boost of $1.78 billion—a new monthly record high—last November, the Bangko Sentral ng Pilipinas… Read more
OFW Money a Saving Grace for PHL Economy in 2012
Remittances — along with robust consumer spending and stable commodity prices —will act as a saving grace, helping buoy the Philippine economy next year. Despite the global economic uncertainties, remittances… Read more
OFW Remittances Should be Funneled to Investments
Strong remittances from overseas Filipino workers (OFWs) are expected to help prop up the Philippine economy. Speaking on ANC Business Nightly’s year-end roundtable discussion on Thursday, Bangko Sentral ng Pilipinas… Read more
Pinoy Migrants Group to Stage ‘Zero Remittance Day’ Dec. 18
A migrants group, Migrante International, with members in at least 20 countries will hold a protest action dubbed “Zero Remittance Day” on December 18, International Migrants’ Day. In a news… Read more
OFW Remittances Projected To Grow By Up To 8% In 2011
Remittances from overseas Filipinos are expected to grow by as much as 8 percent to $20.3 billion from year-ago level, as global demand for Filipino workers remained strong despite economic… Read more
New Middle East Job Laws Threaten OFW Remittances
The World Bank warned in a report released yesterday that indigenization programs have raised concerns for future remittances from overseas workers. The report pointed out, however, “While the indigenization may… Read more
OFW Remittances Seen to Reach $23B in 2011
The World Bank expects remittances to the Philippines to reach $23 billion this year on account of rising demand for Filipino workers despite the unfavorable economic climate abroad. The institution’s… Read more
Go Negosyo, Villar Foundation Launch OFW Summit
In a bid to inspire overseas Filipino workers (OFWs) to start their own business in the country, the Go Negosyo and Villar Foundation teamed up and launched yesterday the 1st… Read more
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