The importance of sending money to Overseas Filipino Workers' (OFWs) family members cannot be overemphasized. With millions of Filipinos working overseas, remittances are important for supporting their loved ones back home and contributing to the Philippines' economic progress. Remittances...
It is innate to Filipinos to take care of their families in whatever ways possible, wherever they may be. Distance is never a hindrance to an Overseas Filipino Worker to provide support and raise a better future to loved...
One common misconception about overseas Filipino workers is that once they start their employment abroad, they are free from debt mainly because they receive better wages, or start investing to maximize their income.
Although this is true for some OFWs...
According to the International Labor Organization’s Global Estimates on Migrant Workers, 2015, there are 11.5 million migrant workers worldwide, from which 27.4 percent are employed in the Arab states.
Many of these workers -- a significant number are from India,...
With the recent launch of the Overseas Filipino Bank in Manila inaugurated no less than President Rodrigo R. Duterte as a fulfillment of his election campaign, many Filipinos based abroad are curious as to how to open an account...
Overseas Filipino workers are well-known to be resilient people, enduring life's challenges, sacrificing personal time and pleasure for the sake of others.
But when it comes to financial literacy -- a crucial element that can make or break an OFWs'...
To continue avail of zero maintaining balance feature of BDO, the company has recently issued an advisory to all BDO Kabayan Savings account holders.
Remit to your account at least once within a year. Failure to do so would convert...
There are plenty of money remittance agents out there, some offer better rates, and others take pride in convenience over their extensive branch locations. MoneyGram advantage centers around convenience, speed, and ease of use.
MoneyGram has both of such advantages...
It is a well-established fact that Filipinos working abroad send money to families in the Philippines. In fact, in March 2016, they sent home a record-high $2.7 billion.
However, in many cases, sending money to Filipinos has been a result...
Families relying on money remittance from overseas Filipino workers must be prepared for the day money sent to them regularly would eventually stop coming, TV host and financial adviser, Suze Orman said on Monday.
Speaking at a talk hosted by...
