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Philippine remittances hit all-time high in 2023

MANILA, Feb. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached an "all-time high" of 37.2 billion U.S. dollars in 2023, 3 percent higher than the 36.1 billion dollars recorded in 2022, the Philippine central bank said on Thursday. "The robust inward remittances reflected the rise in the deployment of overseas Filipino workers due to the continuous increase in demand for foreign workers in host.....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  manilanewsRelated NewsJan 15th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  philippinetimesRelated NewsJan 15th, 2024

Remittances soar to P33.5 billion in 2023 – BSP

MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

Philippine remittances rise by 3 pct in February

MANILA, April 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 2.95 billion U.S. dollars in February, recording a 3 percent year-on-year growth, the Philippine central bank said on Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.8 percent to 6.10 billion dollars in the first two months, with the United States, Singapore, Saudi Arabia, and Japan.....»»

Category: newsSource:  manilanewsRelated NewsApr 15th, 2024

Remittances grow at slower 2.7 Percent pace in January

Personal remittances from overseas Filipino workers (OFWs) grew by only 2.7 percent to $3.15 billion in January from $3.07 billion in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP)......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Cebu Daily Newscast: Remittances soar to P33.5 billion in 2023 – BSP

Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Friday, February 16. Remittances soar to P33.5 billion in 2023 – BSP Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso......»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

ADB: Manufacturing benefits the most from remittances

The manufacturing sector is the biggest recipient of spending made by households receiving remittances from overseas Filipino workers, according to the Asian Development Bank......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Remittances ease to $3 billion in November

Remittances sent home by Filipinos abroad eased to $3 billion in November 2023, reaching their lowest level in six months despite the holiday season......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

Firms target professionals with overseas experience

Companies are expressing a preference for Filipino professionals with overseas experience for leadership roles as they continue the shift toward digitalization as well as the rise of shared service hubs, according to global recruitment specialist Robert Walters......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

VP Sara ready to face ICC charges only before a Filipino court

Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

Fit Rise 75 NPA Triathlon marks conclusion of Fit Rise 75 programme at National Police Academy

Hyderabad (Telangana) [India], January 9 (ANI): The Sardar Vallabhbhai Patel National Police Academy organised 'Fit Rise 75 NPA Triathlon', which comprised three sub events - 1 km swimming, 40 km cycling and 10 km running - as part of celeberations of 75 years of service to the nation. Teams from 17 police organizations participated in the event. Besides, 76 RR IPS trainees, trainees of 75th batch of IRS (CIT), course par.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Czech Republic ups quota for Filipino workers to 10,000

The number of overseas Filipino workers that can enter Czech Republic has gone up from 5,500 in January to almost 10,300 per year starting May 2024, President Marcos Jr. announced during a joint press conference with Czech President Petr Pavel......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

Philippines external trade drops 2.1 pct in January

MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»

Category: newsSource:  manilanewsRelated NewsMar 12th, 2024

DMW closes travel agency over fake overseas jobs

A travel agency was padlocked by the Department of Migrant Workers yesterday for allegedly offering fictitious overseas jobs to Filipino workers......»»

Category: newsSource:  philstarRelated NewsJan 24th, 2024

Senator calls out loitering China vessels in Philippines Rise

Chinese vessels were caught “loitering” and doing research in Benham Rise, also called Philippine Rise, which is within the country’s exclusive economic zone, Sen. Francis Tolentino said yesterday......»»

Category: newsSource:  philstarRelated NewsMar 2nd, 2024

'PHVote Guides: How to register as an overseas voter in the 2025 elections

For the first time, overseas voters may experience online voting, on top of the usual personal and postal modes.....»»

Category: newsSource:  rapplerRelated NewsMar 25th, 2024

Philippines- New Drug War Declared in Davao City - Human Rights Watch

Click to expand Image Sebastian Duterte, currently the mayor of Davao City, delivers a speech at a campaign rally in Davao City, the hometown of his father, then-President Rodrigo Duterte, May 10, 2019. 2019 Kyodo via AP Images (Manila) The mayor of Davao City in the Philippines, Sebastian Duterte, recently declared a new war on drugs, suggestive of the abusive campaign of his father, former President Rodrigo Duterte, Hum.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

12 people jailed over storming of legislature in 2019 protests

12 people jailed over storming of legislature in 2019 protests.....»»

Category: newsSource:  sunstarRelated NewsMar 17th, 2024

Michigan reports first measles case since 2019 outbreak: What to know

Michigan health officials have confirmed the state’s first case of measles since the 2019 outbreak, with a child in Oakland County testing positive for the.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 26th, 2024