Advertisements


Overseas Filipinos’ cash remittances

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

Category: financeSource: bworldonline bworldonlineFeb 18th, 2018

April remittances up 12% to $2.6B

MONEY sent home in April by overseas Filipino workers (OFWs) rose from a year earlier but declined from March, 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 $2.616 billion [...] The post April remittances up 12% to $2.6B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 18th, 2018

Overseas Filipinos’ cash remittances

OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday. Read the full story. The post Overseas Filipinos’ cash remittances appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 18th, 2018

Personal Remittances Rise to $7.8-B in Q1

Personal remittances from Overseas Filipinos (OFs) reached USD7.8 billion in the first quarter of 2018, registering 1.3 percent year-on-year growth, BSP Officer-in-Charge Diwa C. Guinigundo announced today. The bulk (77.5 percent) of personal remittances was from land-based workers with work contracts of one year or more, which summed up to USD6.1 billion (growing by 0.4 […].....»»

Category: newsSource:  metrocebuRelated 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

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

MPIC net earnings grow 27% to P3.8 billion

In a briefing yesterday, MPIC chairman Manuel V. Pangilinan said core net earnings went up 16 percent to P3.6 billion despite some challenges to business such as rising inflation and softer dollar remittances from overseas Filipinos. He expects robust volume growth to continue......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2018

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