Singapore will need 100,000 new foreign workers this year to keep on track an economy enjoying a stunning rebound, Prime Minister Lee Hsien Loong said in remarks published Thursday. Rich but worker-starved Singapore has historically rolled out...

The recent anti-outsourcing bill proposed by Senator Charles Schumer is a source of concern for the Filipino American community. The Shcumer bill, places a tax on outsourcing and Filipinos in the U.S. it is going to hurt...

The Philippine office of Johnson & Johnson has been selected as the site of Johnson & Johnson’s Global Finance Services (GFS) center to provide financial services across Johnson & Johnson sectors (Consumer, Medical, Pharmaceuticals, Vision Care, Ortho-Clinical...

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 Guinigundo said remittances have breached a very...

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 million overseas Filipinos, the Bangko Sentral ng...

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, the Bangko Sentral ng Pilipinas (BSP) said....

THEY may still account for a fractional minority, but the number of families of overseas Filipino workers (OFW) that set aside a portion of their monthly allotment as investments is growing, the Bangko Sentral ng Pilipinas (BSP)...

The decade that opened the new millennium may be remembered as the decade for a sector whose acronym-OFW (for overseas Filipino workers)-is a Southeast Asian country’s trump card, or flagship, for economic development. Five years before the...

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 million more—than the $800.535 million they sent...

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 reported Monday. The BSP said money remitted...