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Overseas Filipinos’ cash remittances

The post Overseas Filipinos’ cash remittances appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineFeb 18th, 2018

Remittance inflows rebound in May

MANILA, Philippines - The amount of cash and personal remittances from overseas Filipinos recovered to hit a two-month high in May after dropping sharply in.....»»

Category: financeSource:  philstarRelated NewsJul 17th, 2017

Remittance result ‘below expectations’

Money sent home by overseas Filipino workers (OFWs) hit to two-month low in February despite expanding from a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Personal remittances, which sum up the net compensation of OFWs, personal transfers whether in cash or in kind and also capital transfers between households, totaled $2.528 [...] The post Remittance result ‘below expectations’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 16th, 2018

Overseas Filipinos’ cash remittances

OVERSEAS FILIPINO workers (OFWs) sent more money home in February than a year ago even as it was the smallest increase in three months, the central bank reported on Monday. Read the full story. The post Overseas Filipinos’ cash remittances appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018

Remittance growth slows to 5.4% in February

Remittances from Filipinos overseas grew by a slower 5.4 percent to $2.53 billion in February from $2.39 billion in the same month last year, the Bangko Sentral ng Pilipinas reported yesterday......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2018

Remittances likely logged double-digit increase in February

By Melissa Luz T. Lopez Senior Reporter CASH REMITTANCES sent by overseas Filipino workers (OFWs) likely surged in February to log a double-digit increase, a global bank said, following a slowdown seen as the year opened. Analysts at HSBC Global Research said remittances likely grew by 14.7% for the month, which if realized would be […] The post Remittances likely logged double-digit increase in February appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 15th, 2018

Kaspersky Lab Warns of Future Attacks Against Digital Money, Urges OFWs to be Cyber-Savvy

With the consistent growth of money remittances from overseas Filipino workers (OFWs) and the rising use of digital payment systems in the Philippines, Kaspersky Lab recently emphasized the need for Filipinos to be more cybersecurity-aware. Data from the global cybersecurity company confirms that countries in the Asia Pacific region are now heading towards the path […].....»»

Category: newsSource:  metrocebuRelated NewsMar 25th, 2018

Jan. remittances rise fastest in 10 months, dip from Dec.

By Melissa Luz T. Lopez Senior Reporter CASH SENT HOME by overseas Filipino workers (OFWs) increased by the fastest year-on-year clip in 10 months in January even as the amount fell from December last year, according to data the central bank released on Thursday. OFW cash remittances grew 9.7% to $2.379 billion in January from […] The post Jan. remittances rise fastest in 10 months, dip from Dec. appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 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

Slower remittance growth seen for Jan

Full-year result still expected to be an improvement from 2017 – HSBC Money sent home via banks by migrant Filipinos likely posted slower growth at the start of the year, banking giant HSBC said, but the full-year result is expected to be an improvement from 2017. “We expect [cash]remittances to expand 5.1 percent y-o-y (year-on-year) [...] The post Slower remittance growth seen for Jan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 15th, 2018

Remittance growth to pick up as OFWs benefit from weaker peso — HSBC

CASH REMITTANCES are expected to grow faster this year as overseas Filipino workers (OFWs) will likely take advantage of a weaker peso to send more funds to their families back home, analysts at a global bank said, even as they flagged risks from a deployment ban to Kuwait. HSBC Global Research said remittances likely grew […] The post Remittance growth to pick up as OFWs benefit from weaker peso — HSBC appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 14th, 2018

HSBC sees faster growth in remittances this year

Cash remittances are expected to grow faster this year as overseas Filipino workers (OFWs) will likely take advantage of a weaker peso to send bigger funds to their families back home, analysts at a global bank said, but flagged risks drawn from a deployment ban to Kuwait. HSBC Global Research said remittances likely grew by […] The post HSBC sees faster growth in remittances this year appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 14th, 2018

Dec. sees record-high remittances

CASH REMITTANCES surged anew to a fresh record high in December, the central bank reported on Thursday, propelling these inflows past the growth forecast for the full year. Money sent home by overseas Filipino workers (OFWs) reached $2.741 billion that month, climbing by 7.1% from the $2.559 billion inflows posted in December 2016, the Bangko […].....»»

Category: newsSource:  bworldonlineRelated NewsFeb 16th, 2018

Personal Remittances for the First 11 Months of 2017 Reach US$28.2 Billion

Personal remittances from Overseas Filipinos (OFs) reached US$2.5 billion in November 2017, 3.2 percent higher than the level posted in the same month in 2016. This brought the cumulative remittances for the first 11 months of 2017 to US$28.2 billion, representing a year-on-year growth of 5.1 percent, BSP Governor Nestor A. Espenilla, Jr. The growth […].....»»

Category: newsSource:  metrocebuRelated NewsJan 20th, 2018

Remittance increase slows in November

By Melissa Luz T. Lopez Senior Reporter CASH REMITTANCES increased annually for a second straight month in November last year but at a slower pace, the central bank reported yesterday, as overseas Filipino workers (OFWs) likely held on to their cash given a stronger exchange rate. Money sent home by migrant workers totalled $2.262 billion […] The post Remittance increase slows in November appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 16th, 2018

Philippine remittances for November 2017 grow by only 2%

MANILA, Philippines – Money sent home by overseas Filipinos (OFs) last November grew by only 2% year-on-year to $2.3 billion, partly because of base effects, after remittances in the same month in 2016 saw an "unusually high" growth in over 8 years. Back in November 2016, cash  remittances  spiked by ........»»

Category: newsSource:  rapplerRelated NewsJan 15th, 2018

Remittances rise to $2.27B in October

Cash remittances recovered in October to a two-month high, the central bank reported on Friday, as overseas Filipino workers (OFWs) took advantage of a weaker peso to get more out of their funds......»»

Category: newsSource:  interaksyonRelated NewsDec 16th, 2017

Remittances recover in Oct, grow fastest in 7 months

MANILA, Philippines — Remittances from overseas Filipinos rebounded strongly in October after shrinking in September, growing fastest in seven months amid th.....»»

Category: financeSource:  philstarRelated NewsDec 15th, 2017

Remittances rise to $2.27B in October

By Melissa Luz T. Lopez, Senior Reporter CASH remittances recovered in October to a two-month high, the central bank reported on Friday, as overseas Filipino workers (OFWs) took advantage of a weaker peso to get more out of their funds. Money sent home by migrant workers reached $2.275 billion that month, up by 8.4% from […] The post Remittances rise to $2.27B in October appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 15th, 2017

Sept. remittances smaller; year-to-date flows up

By Melissa Luz T. Lopez Senior Reporter MONEY SENT HOME by Filipinos abroad dropped in September to a five-month low as Saudi Arabia sent more overseas Filipino workers (OFWs) back home under an extended repatriation program, the central bank reported yesterday, although year-to-date flows were still bigger than a year ago. OFW remittances totalled $2.186 […] The post Sept. remittances smaller; year-to-date flows up appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 16th, 2017

Remittances drop by 8.3% in September amid Saudi repatriation

MANILA, Philippines – After hitting a 5-month high in August, remittances coursed through banks by overseas Filipino workers (OFWs) fell again in September this year. Data released by the Bangko Sentral ng Pilipinas (BSP) on Wednesday, November 15, showed that OFW cash remittances totaled $2.186 billion, a drop of ........»»

Category: newsSource:  rapplerRelated NewsNov 16th, 2017