Hmmm, maybe Donald Trump wouldn’t be such a disaster after all. Just kidding! The billionaire-turned-politician would be every bit theRead more
Remittances from overseas Filipino workers (OFWs) witnessed a 9.1 percent year-on-year growth in February 2016, highest since August 2015.
The latest Bangko Sentral ng Pilipinas (BSP) data suggest that cash inflows in the second month this year reached $2.11 billion, higher than last month’s $2.02 billion and last year’s $1.94 billion, Northbound Asia reported.
To date, cash remittances grew by 6.2 percent to $4.13 billion against year-ago’s $3.9 billion.Read more
Money sent home by Filipinos living and working abroad rose by 8.4 percent to $1.855 billion in January from $1.7 billion a year ago, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.Read more
Overseas remittance flows to the Philippines will likely expand at a faster pace of 8 to 8.5 percent in 2014 on improved global growth prospects and post-supertyphoon “Yolanda” (Haiyan) reconstruction, according to the British bank Standard Chartered.
In a research note dated January 13 written by analysts Jeff Ng and Robert Minikin, remittance flows in 2014 were said to grow by 2 to 2.5 percentage points over the 6 percent average growth in the first 10 months of 2013. This in turn has been seen to support a 6.7 percentRead more
iRemit Global Remittance Ltd. is geared for a 5 to 7 percent growth in remittances as it opens new branches abroad, expands its market, and sees more informal transactions shifting to formal channels.Read more