Archive for the ‘Earnings Abroad’ Category

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 [...]

Manila Standard
Money sent home by millions of Filipinos working abroad rose 16 percent from a year earlier to $1.26 billion in February despite a stronger peso, the Bangko Sentral ng Pilipinas said yesterday.
This brought the inflows for the first two months of the year to $2.52 billion, or 15.5 percent higher than the year-ago level, [...]

Philippine Star
The Philippines was ranked fourth overall in terms of receiving migrant remittances last year, according to a study done by the World Bank.  In 2007, the Philippines received $17 billion from overseas Filipino workers (OFWs) and migrant Filipinos (MFs).
According to the Bangko Sentral ng Pilipinas (BSP), remittances coursed through the country’s banking system was [...]

Rainier Allan Ronda
Philippine Star
The UNESCO National Commission of the Philippines (UNACOM) has gathered the top educators of Southeast Asia for a two-day conference in Manila which aims to round up support for the Philippines’ bid to be the site of a UNESCO “lifelong learning center” in the region.
Ambassador Preciosa S. Soliven, UNACOM secretary-general, said they [...]

Philippine Star
The country’s largest trade union asked Congress yesterday to exempt overseas Filipino workers (OFWs) from paying the 10 percent withholding tax on corporate dividends to encourage them to invest in the country.
“This is one way to consciously encourage OFWs to invest some of their savings in local equities,” said Alex Aguilar, Trade Union Congress [...]

Iris C. Gonzales
Philippine Star
Credit Suisse, a global investment bank, expects dollar remittances from overseas Filipinos to continue growing in 2008 although at a lower rate than the past years.
The bank said strong demand for overseas Filipinos in the Middle East is expected to drive the growth in remittances.
Credit Suisse noted that despite external developments, the [...]

Manila Standard
SINGAPORE—Salaried workers in Asia are tipped to enjoy the world’s largest pay increase of 7.3 percent on average this year, with wages rising by 8 percent in the Philippines, an international human resources firm said Thursday.
ECA International said the increase in Asia would be higher than the global figure of 5.9 percent, and that [...]

Des Ferriols
Philippine Star
Remitances from overseas Filipino workers (OFWs) surged by 13.2 percent to $14.4 billion in 2007, exceeding the $14.3-billion target as the deployment of workers abroad increased throughout the year.
Remittances have been the powerhouse behind the country’s robust growth in 2007 and despite the excess liquidity created by strong foreign exchange inflows, monetary officials [...]

Manila Standard
Filipinos working abroad sent home a record $14.4 billion in 2007, a 13.2 percent increase over the previous year, the Bangko Sentral ng Pilipinas said yesterday.
The figure slightly exceeded the government forecast of $14.3 billion.
December inflows rose 5.9 percent from a year earlier to a record $1.4 billion as Filipinos working abroad sent home [...]