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Overseas Filipinos’ cash remittances

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

Category: financeSource: bworldonline bworldonlineFeb 18th, 2018

July OFW remittances expected to have edged up

REMITTANCES likely grew modestly in July from a year ago as overseas Filipino workers (OFWs) reaped benefits of a weaker peso, a global bank said, giving their families more cash even with the same level of dollars they used to send home. The post July OFW remittances expected to have edged up appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 16th, 2018

ING sees peso weakening to 54 : $1

Dutch financial giant ING Bank said the peso would weaken further against the greenback to 54 this year and 55 next year due to strong imports, as well as soft remittances from overseas Filipinos......»»

Category: financeSource:  philstarRelated NewsAug 26th, 2018

Overseas Filipinos’ cash remittances (June 2018)

CASH remittances slipped to a two-month low in June due to smaller flows from the Middle East, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. Read the full story. The post Overseas Filipinos’ cash remittances (June 2018) appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 15th, 2018

OFW remittances hit 4-month low in June

MONEY sent home by overseas Filipino workers (OFWs) in June was the lowest in four months, a result the Bangko Sentral ng Pilipinas (BSP) said was partly due to a government repatriation program. Personal remittances, which sum up the net compensation of OFWs, personal transfers whether in cash or in kind and also capital transfers between [...] The post OFW remittances hit 4-month low in June appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 15th, 2018

May remittances up 6.1% to $2.75B

MONEY sent home in May by overseas Filipino workers (OFWs) rose from a year earlier and April, 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 $2.746 billion for the month. [...] The post May remittances up 6.1% to $2.75B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 17th, 2018

Personal Remittances in January to April 2018 Total US$10.4 Billion

Personal remittances from Overseas Filipinos (OFs) increased by 12.9 percent  year-on-year to reach US$2.6 billion in April 2018. On a cumulative basis, personal remittances for the first four months of the year totaled US$10.4 billion, 4 percent higher than the level recorded in the comparable period in 2017, BSP Governor Nestor A. Espenilla, Jr. announced […].....»»

Category: newsSource:  metrocebuRelated NewsJun 19th, 2018

Remittances rebound to 17-month high in April 2018

Remittances from overseas Filipinos rebounded strongly in April, booking its fastest growth in 17 months after registering its steepest decline in almost 15 years last March, the Bangko Sentral ng Pilipinas reported yesterday......»»

Category: financeSource:  philstarRelated NewsJun 19th, 2018

OFW remittances hit $2.35 billion in April 2018

MANILA, Philippines – Cash of overseas Filipino workers (OFWs) sent through banks stood at $2.35 billion in April 2018, according to Bangko Sentral ng Pilipinas (BSP) data released on Monday, June 18. The figure is 12.7% higher compared to the same month last year. However, it is 0.4% lower compared to ........»»

Category: newsSource:  rapplerRelated NewsJun 19th, 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