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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.....»»
Philippines sees remittances rise 2.6 pct in March
MANILA, May 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.05 billion U.S. dollars in March, recording a 2.6 percent growth year-on-year, the Philippine central bank said on Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances in the first quarter amounted to 9.15 billion dollars, 2.8 percent higher than the amount in the same period in 2023. The.....»»
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.....»»
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.....»»
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.....»»
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.....»»
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......»»
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)......»»
BSP Reports 2.6% Increase in Overseas Remittances
According to a recent report by the Bangko Sentral ng Pilipinas (BSP), personal remittances from Overseas Filipinos (OFs) saw a 2.6% rise in March 2024 compared to the same period last year. This year’s remittances surged from USD 2.97 billion in March 2023 to USD 3.05 billion, marking a 2.6% increase. BSP attributes this growth […].....»»
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......»»
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......»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
Higher GOCC remittances to help reduce debt – Marcos
Higher remittances from government-owned or controlled corporations will help cut the country’s borrowings and avoid the imposition of higher taxes, President Marcos said yesterday......»»
Maya loans reach P22 billion last year
Digital bank Maya Bank Inc. raised its loan disbursement by sevenfold to P22 billion in 2023, as it reaped the benefits of expanding its credit products for underserved sectors......»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»