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March remittances down 9.9% to $2.6B

 Bangko Sentral cites base effects, holidays and Kuwait repatriations Money sent home by overseas Filipino workers (OFWs) in March fell from a year earlier, a result the Bangko Sentral ng Pilipinas (BSP) attributed to base effects, the Holy Week holidays and repatriations from Kuwait. Personal remittances, which sum up the net compensation of OFWs, personal [...] The post March remittances down 9.9% to $2.6B appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes manilatimesMay 16th, 2018

Remittances drop at steepest pace in 15 years

Remittances from overseas Filipino workers plunged by nearly 10 percent in March, the sharpest decline in almost 15 years due to the repatriation of Filipino workers and the fewer banking days in March due to the Holy Week, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 17th, 2018

Remittances fall after Kuwait ban

By Melissa Luz T. Lopez Senior Reporter REMITTANCES dropped in March to post the steepest fall in 15 years due to lower amounts sent by overseas Filipino workers (OFWs) based in the Middle East, the central bank reported yesterday. Funds remitted by OFWs totalled $2.36 billion for the month, 9.8% lower than the $2.615 billion […] The post Remittances fall after Kuwait ban appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

Despite weak peso, March remittances hit 15-year low

Cash sent by Filipino migrant workers declined sharply in March, posting the largest monthly contraction in overseas Filipino workers' (OFWs) remittances in about 15 years, the Bangko Sentral.....»»

Category: newsSource:  philippinetimesRelated NewsMay 16th, 2018

March remittances down 9.9% to $2.6B

 Bangko Sentral cites base effects, holidays and Kuwait repatriations Money sent home by overseas Filipino workers (OFWs) in March fell from a year earlier, a result the Bangko Sentral ng Pilipinas (BSP) attributed to base effects, the Holy Week holidays and repatriations from Kuwait. Personal remittances, which sum up the net compensation of OFWs, personal [...] The post March remittances down 9.9% to $2.6B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 16th, 2018

Philippines posts sharpest drop in remittances in 15 years

MANILA, Philippines – The amount of money sent home by overseas Filipinos plunged last March, seeing the sharpest decline since April 2003, due to the continued repatriation of Filipino workers from Middle East countries as well as fewer banking days. Data from the Bangko Sentral ng Pilipinas (BSP) released on Tuesday, May 15, ........»»

Category: newsSource:  rapplerRelated NewsMay 15th, 2018

Overseas Filipinos’ cash remittances

REMITTANCES dropped in March to post the steepest fall in 15 years due to lower amounts sent by overseas Filipino workers (OFWs) based in the Middle East, the central bank reported yesterday. Read the full story. The post Overseas Filipinos’ cash remittances appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 15th, 2018

March remittances drop 9.8% in March amid repatriation

Money sent home by overseas Filipino workers fell by 9.8 percent year-on-year in March amid the influx of Filipinos returning from the Middle East, the Bangko Sentral ng Pilipinas reported Tuesday......»»

Category: newsSource:  philstarRelated NewsMay 15th, 2018

HSBC: Remittance growth likely steady at 4.5% in March

Money sent home via banks by migrant Filipinos likely posted steady growth in March, banking giant HSBC said. “We expect March remittances to rise 20.5 percent month-on-month, after two straight months of sequential contraction. This would lead to a rise of 4.5 percent year-on-year . . . ,” HSBC said. February also saw a 4.5-percent [...] The post HSBC: Remittance growth likely steady at 4.5% in March appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 14th, 2018

HSBC sees strong remittances recovery in March

Remittances are expected to post a strong recovery of 20.5 percent in March after two consecutive months of decline, according to British banking giant HSBC......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2018

Remittances likely grew in March despite deployment ban

MONEY sent home by overseas Filipino workers (OFWs) likely kept growing in March despite a deployment ban to Kuwait, HSBC Global Research said. Remittances likely grew by 4.5% during the month, matching the pace clocked in February although slower than the 10.7% increase logged in March 2017. “We expect March remittances to rise 20.5% month […] The post Remittances likely grew in March despite deployment ban appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

OFW cash remittances start 2018 strong at $2.37 billion

MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) picked up where it left off last year by opening 2018 strong, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Nestor Espenilla Jr announced on Thursday, March 15, that cash remittances, or remittances formally channeled through banks, ........»»

Category: newsSource:  rapplerRelated NewsMar 15th, 2018

OFW cash remittances up 10.7% in March

OFW cash remittances up 10.7% in March.....»»

Category: newsSource:  rapplerRelated NewsMay 16th, 2017
Category: newsSource:  manila_shimbunRelated NewsMay 15th, 2017

OFW remittances hit record $2.91 B in March

MANILA, Philippines - Remittances from overseas Filipinos reached their highest monthly level in March due to strong demand for skilled Filipino workers abro.....»»

Category: financeSource:  philstarRelated NewsMay 15th, 2017

Remittances hit record at $2.91B in March

Remittances hit record at $2.91B in March.....»»

Category: newsSource:  manilatimes_netRelated NewsMay 15th, 2017

Remittances rise to record $2.6B in March on exchange rate swings

REMITTANCES sent by overseas Filipino workers (OFWs) surged to a record high in March, growing by a tenth from a year ago as workers took advantage of the weak peso, the central bank reported yesterday......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2017

Remittances hit record-high in March, says BSP

Remittances hit record-high in March, says BSP.....»»

Category: financeSource:  philstarRelated NewsMay 15th, 2017

Economy: June remittances at $2.334B, up since March

REMITTANCES grew for the third straight month in June but at a slower pace clocked in a year ago, the central bank reported yesterday......»»

Category: financeSource:  bworldonlineRelated NewsAug 15th, 2016

PPA net profit falls 4% in Q1 following surge in dredging costs

THE Philippine Ports Authority (PPA) said first-quarter net profit fell 4% year on year to P2.259 billion despite increased revenue, which was offset by rising costs associated with improving and maintaining ports. In a statement on Monday, the agency said expenses in the three months to March grew over 37% to P1.523 billion, amid a […] The post PPA net profit falls 4% in Q1 following surge in dredging costs appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News10 hr. 19 min. ago

Thrift banks’ non-performing loans rise at end-March

SOURED DEBTS held by thrift banks picked up anew in March to outpace the growth in total loans, latest data from the Bangko Sentral ng Pilipinas (BSP) showed. Non-performing loans (NPLs) held by these lenders stood at P44.633 billion, 11.4% higher than the P40.069 billion in soured debts incurred in March 2017. The rise in […] The post Thrift banks’ non-performing loans rise at end-March appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News10 hr. 19 min. ago