Archive for the ‘Earnings Abroad’ Category

Jose Katigbak, STAR Washington Bureau
Philippine Star
WASHINGTON – Filipinos living in the Washington DC metropolitan area are sending less remittances and balikbayan boxes to relatives back home because of the economic and financial crisis in the United States, a leading door-to-door cargo and money remittance company serving the Philippines said.
Carmen de Jesus, chief financial officer of [...]

Des Ferriols
Philippine Star
While families of overseas Filipino workers still spend their remittances primarily on food and education, monetary authorities have noted that more money is now being set aside for savings and investments.
The Bangko Sentral ng Pilipinas (BSP) said the percentage of OFW-supported households that allotted portions of remittances to savings remained high at 30.4 [...]

Des Ferriols
Philippine Star
Given the steady demand for labor especially in the Middle East, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said he expected remittances from overseas Filipino workers (OFWs) to grow more than originally projected this year.
Because of ever increasing deployment of workers, the BSP had projected that OFW remittances would reach [...]

Des Ferriols
Philippine Star
Overseas Filipino workers (OFWs) sent $1.5 billion home in June, the highest ever recorded since 1989, bringing the total remittance level to $8.2 billion for the first six months of the year.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that remittances from OFWs coursed through banks grew year-on-year by 30 percent in [...]

Doris Dumlao
Philippine Daily Inquirer
MANILA, Philippines—Money sent home by overseas Filipino workers (OFWs) through banks hit an all-time high of $1.5 billion in June, up 30 percent from a year earlier, reflecting a strong season for remittances for school year opening.
The January-June total reached $8.2 billion, up 17.2 percent from the same period last year, said [...]

Jeremaiah M. Opiniano, Contributor
OFW Times
KUALA LUMPUR, Malaysia: For 12 years, Rita’s family in the Philippines was fed through two shoe-box sized containers at her feet.
The rectangular matte-black boxes, scuffed with use, contain Rita’s tools of the trade: nail clippers, nippers, two-inch tall bottles of silver, gold, and red nail polishes, blush-on brushes and mascara.
For [...]

Manila Standard
REMITTANCES from Filipinos rose 13.2 percent to $3.95 billion in the first quarter as more of them left for jobs abroad, the central bank said yesterday.
They sent home $1.43 billion in March alone, a 9.42-percent increase from the same month last year, it said.
Citing preliminary data from the Philippine Overseas Employment Administration, the central [...]

Des Ferriols
Philippine Star
Remittances from overseas Filipinos rose 9.4 percent to hit $1.4 billion in March, an all-time record for a single month.
This brought the inflows for the first three months of the year to $4 billion, or 13.2 percent higher than last year’s level.
The BSP said remittances have been supported by an increase in the [...]

Manila Times
MONEY sent home by millions of Filipinos working abroad rose 9.4 percent from a year earlier to $1.4 billion dollars in March, the Bangko Sentral ng Pilipinas (BSP) said Thursday, adding this was the highest monthly level to date.
This brought the inflows for the first three months of the year to $4.0 billion, or [...]

Iris C. Gonzales
Philippine Star
Money sent home by millions of Filipinos working abroad rose by 15.5 percent to $2.5 billion in the first two months of the year from a year ago level, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
In February alone, remittances rose to $1.3 billion or 16 percent higher than the figure recorded [...]