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OFWs Complain of Remittance Tax Burden
A Filipino migrant group based in the Middle East urged Monday the Bureau of Internal Revenue (BIR) to instruct remittance centers to stop charging documentary stamp taxes (DST) on the… Read more
Drop in EU Remittance Feared
THE National Economic and Development Authority (NEDA) warned that the debt crisis in Europe could dampen remittances, as fresh data showed the global financial turmoil has crimped money sent home… Read more
Pinoy Sailors Remit $888M in Q1 2010
FILIPINO sailors on foreign oceangoing vessels remitted $888.949 million in the first quarter, the Trade Union Congress of the Philippines (TUCP) reported. The amount was 11.04 percent higher —or $88.414… Read more
OFW Remittance Reaches US$1.6B in March 2010
REMITTANCES from Filipinos overseas continued to expand in March as the gradual recovery of the global economy fueled an increase in the demand for labor, the Bangko Sentral ng Pilipinas… Read more
Higher OFW Remittance Expected — Moody’s
Remittances from overseas Filipino workers (OFWs) is set to grow by 8 per cent in 2010, higher than initially forecast by the Bangko Sentral ng Pilipinas’ (BSP) of 6 per… Read more
Dubai, Abu Dhabi, Fujairah Banks for OFWs
Filipinos in the United Arab Emirates always have the convenience of sending remittance via Filipino banks set up in the emirate or dealing with online money remittance services. However, if… Read more
Overseas Filipinos Remit US$1.4 Billion in Sep 2009
The global financial crisis appeared to be the catalyst for overseas Filipinos, who continued to send money back to the Philippines. In September 2009, Filipino remittances reached US$1.446 billion, putting… Read more
OFW Remittances to Grow 5% In 2009
THE National Economic and Development Authority (Neda) expects remittances by overseas Filipino workers (OFWs) to increase by 5 percent in 2009. Acting Neda Director-General Augusto Santos told reporters that remittances… Read more
Typhoons Push Up 2009 Remittance to Philippines
MANILA (Reuters) – Remittances to the Philippines could grow 5 percent this year, higher than earlier estimates, as Filipinos overseas send more money home to help their families recover from… Read more
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