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Overseas Filipinos’ cash remittances

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

Category: financeSource: bworldonline bworldonlineFeb 18th, 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

Remittances rise to $20.72 B in 8 months

MANILA, Philippines — The amount of money sent by overseas Filipinos to the Philippines in August grew at its fastest pace in five months as new markets for.....»»

Category: financeSource:  philstarRelated NewsOct 17th, 2017

Remittances sustain strong growth in July

MANILA, Philippines — Personal and cash remittances from Filipinos abroad continued to book stronger-than-expected growth in July with the steady deployment.....»»

Category: financeSource:  philstarRelated NewsSep 15th, 2017

Remittances hit 3-month high

MANILA, Philippines - Remittances from overseas Filipinos reached their highest level in three months last June amid the sustained demand for skilled Filipin.....»»

Category: financeSource:  philstarRelated NewsAug 15th, 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