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BDO Top Bank for OFW Remittances: Bangko Sentral
Bangko Sentral ng Pilipinas (BSP) named SM Group’s Banco de Oro Universal Bank as last year’s top commercial bank for having the largest share of money sent home by Filipinos… Read more
OFW Remittances May Have Peaked, Warns Central Bank
THE Philippine central bank warned on Friday that money sent home by overseas Filipino workers (OFWs) has peaked and may soon plateau. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa… Read more
BSP Cites Need to Optimize Every OFW Dollar
THERE is urgency for government to optimize the economic impact of the billions of dollars reaching the country each month as a result of the remittance activities of some six… Read more
New Markets, Skills Needed for Remittance Boost
REMITTANCES from Filipinos overseas which help drive consumer spending will likely continue growing by single-digit rates unless new markets are found and new skills are developed that are needed abroad,… Read more
BSP Waives Bank Fees on OFW Remittances
The Bangko Sentral ng Pilipinas (BSP) has agreed to waive the fees imposed on banks that use the Philippine Payments and Settlements System (Philpass) remit system as part of efforts… Read more
4 Reasons Why Some OFWs Return Home Peniless
Contrary to many expectations that once a Filipino goes abroad and get paid salary higher than back home, many overseas Filipino workers go home barely able to save money. Why… Read more
OFW Remittance Hits $5.9B in 1st 4 Months
More overseas Filipino workers (OFWs) sent more money to relatives in the Philippines last April as the global economy gradually recovered from the recession, the central bank said Wednesday. OFW… Read more
Japan OFW Remittance Increases by 34%
Remittances sent by overseas Filipino workers (OFWs) in Japan to the Philippines increased by 34 percent at the end of 2009. This was reported during the Second Sub-Committee Meeting on… Read more
OFW Remittances, Reserves to Help Insulate Philippines — S&P
THE ONGOING euro zone crisis is not likely to affect the Philippines substantially given the country’s robust remittances and foreign exchange reserves, global credit watchdog Standard & Poor’s said. Elena… Read more
Eastern Visayas (Region 8) Honors Migrant Workers
The Overseas Workers Welfare Administration in Region 8 spearheads this year’s Migrant Workers Day celebration which is dubbed as “Araw ng Pasasalamat.” Hundreds of Overseas Filipino Workers and their respective… Read more
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