OFW financial landscape: Remittances grow, but concerns emerge on savings
THE steady growth of remittances is expected to continue and indicates that Overseas Filipino Workers (OFWs) may have already recovered from the pandemic.
`
Posts by tag
THE steady growth of remittances is expected to continue and indicates that Overseas Filipino Workers (OFWs) may have already recovered from the pandemic.
PRESIDENT Ferdinand R. Marcos Jr. is confident the country can maintain its “leadership” in the seafaring sector amid the ongoing review of the quality of education of Filipino sailors.
THE Bases Conversion and Development Authority (BCDA) said its total contribution to the Armed Forces of the Philippines (AFP) was more than halved this year.
FINANCIAL technology (fintech) firm BayaniPay Inc. announced it has partnered with BDO Unibank Inc., SM Development Corp. and Ortigas Land Corp., to introduce the real estate payments service of its cross-border payments solution it calls “bills pay.”
CIS Bayad Center Inc. announced having sealed a partnership with financial management service Omega Business Consulting Inc. (Omega BCI) to integrate the firm’s eponymous bills-payment platform with the latter’s web-based application.
Despite the slowdown in the growth of cash sent by overseas Filipinos to their families, their foreign exchange gains continue to outpace the increase in commodity prices, according to a local economist.
REMITTANCES from overseas Filipino seafarers are expected to increase by a third annually through 2022, the chief of the Maritime Industry Authority (Marina) said on Wednesday, as the government buttresses efforts to further improve the skills and education of the current and future pool of marine professionals in the coming years.
SUMMER is here—the Philippine Atmospheric, Geophysical and Astronomical Services Administration declared on April 5 the start of the dry season for this year.
Prophets of doom were quick to predict a continuing decline of remittances following the 3-percent drop in the money sent home by overseas Filipino workers (OFWs) last October.
Overseas Filipino workers (OFWs) returning home for good are now assured of domestic employment, with the construction industry alone seen to generate 1 million jobs annually in the next six years.
Those were not exactly the most endearing words of goodbye, but for a 5-year-old girl who would be left behind by her father who was departing for work in Maldives, oceans away from home, those six words succinctly painted the pain in her young heart.
THE local currency is expected to gain strength against the US dollar toward the end of the year on the back of strong dollar inflows during the holiday season if the US Federal Reserve (the Fed) decides to hike interest rates anew in December.
THE steady but slightly slower remittances from overseas workers in the first half of the year should not be a cause for worry for the Philippines, an economist said.
Input your search keywords and press Enter.