philippine news

May 16, 20080

OFW remittances up 9.4% to $1.4B in March

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 … Read the rest

May 16, 20080

Remittances hit new record (transfers propping up banks’ profits, says Moody’s)

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 … Read the rest

Apr 16, 20080

OFW inflows jump 15% to $2.5B in 2 months

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) … Read the rest

Apr 16, 20080

Remittances jump 16%

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 … Read the rest

Apr 1, 20080

Philippines ranks fourth in global remittances

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 … Read the rest

Mar 4, 20080

Unesco-RP mustering support for bid to host ‘lifelong learning center’

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 … Read the rest

Feb 25, 20080

Tax exemption for OFWs pushed

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 … Read the rest

Feb 25, 20080

OFW inflows seen growing at slower pace

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 … Read the rest

Feb 18, 20080

Wages seen climbing by 8% in RP

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 … Read the rest

Feb 16, 20080

OFW remittances surge 13.2% to $14.4B in 2007

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 … Read the rest

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