Rappler's latest stories on OFW remittances
Coronavirus to have 'minimal effect' on OFW remittances in 2020
Cabinet Secretary Karlo Nograles says mainland China accounts for only 0.1% of total remittances from overseas Filipino workers
OFW remittances hit record high of $33.5 billion in 2019
Filipinos based abroad send more cash and prop up the Philippine economy in 2019, but the novel coronavirus may affect their jobs and trigger a domino effect in 2020
OFW remittances hit all-time high, but families still run out of cash – study
Poor financial planning strains the relationship of overseas Filipino workers and their families
OFW remittances recover in July 2019
Cash remittances coursed through banks rise by 7.5% to $2.6 billion in July
Overseas Filipino remittances rise to $13.7 billion in January-May 2019
The United States registers the highest share of overall remittances in the first 5 months of 2019 at 36%
Pinoy sailors send home record $6.1B in 2018
Money sent home by Filipino sailors account for about 19% of all remittances of overseas Filipino workers in 2018
Banks urged to post remittance charges online for OFWs
ACTS-OFW party-list group cites World Bank Remittance Prices report that shows banks remain the most expensive means to send cash to the Philippines
OFW remittances slow down in January-July 2018
Overseas Filipino workers send a total of $18.5 billion from January to July this year
Hyperinflation, OFW remittances, Trump - Putin | Midday wRap
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OFW remittances rise in May 2018
Overseas Filipino workers have sent $13.2 billion year-to-date, according to the Bangko Sentral ng Pilipinas
Lawmaker urges banks to slash OFW remittance charges amid high inflation
ACTS-OFW Representative Aniceto Bertiz III asks banks to cut charges on OFW remittances to 5%, from the current average of 10.57%
Cash remittance of Filipino seafarers may exceed $6B this year – lawmaker
'We expect the enlistment of Filipino sailors to increase along with international ship traffic, as the global economy continues to expand,' says ACTS-OFW Representative Aniceto 'John' Bertiz
OFW remittances hit $2.35 billion in April 2018
The Bangko Sentral ng Pilipinas says remittances sent through banks grew by 12.7% year-on-year, but were lower by 0.4% from March 2018
Philippines posts sharpest drop in remittances in 15 years
This comes on the heels of the repatriation of overseas Filipino workers from Middle East countries
Philippine remittances growth slows down in February
Cash remittances, or remittances formally channeled through banks, register $2.27 billion in February 2018, representing 4.5% year-on-year growth from the same month a year ago
OFW cash remittances start 2018 strong at $2.37 billion
Cash remittances or those channeled through banks are up 9.7% from January last year, while personal remittances are also up by 10.8% to $2.65 billion
PH remittances beat gov't target, hit record in 2017
Cash remittances of overseas Filipinos grow by 4.3% to $28.06 billion, while personal remittances grow by 5.3% to $31.29 billion, surpassing the government target of 4%
Philippine remittances for November 2017 grow by only 2%
The slowdown in growth could be traced to base effects, as the Philippines recorded an 'unusually high' growth in remittances in November 2016
Remittances drop by 8.3% in September amid Saudi repatriation
Despite this, total cash remittances for January to September 2017 are still up 3.8% to $20.78 billion
PH remittances for August rise fastest in 5 months
Cash remittances – money sent through banks and transfer agents – grow by 7.8% to $2.5 billion in August 2017
Globe's GCash partners with Hong Kong-based EMQ for remittances
With the partnership EMQ users can now send funds to GCash account holders
OFW cash remittances rebound to hit $2.31B in May
Total cash remittances are up 4 5 for the first 5 months of the year totaling 11 346 billion
OFW cash remittances at 15-month low in April
This is the lowest level cash remittances have totaled since registering 1 997 billion in January 2016
OFW cash remittances up 10.7% in March
Total cash remittance flows for the 1st quarter of 2017 reach 6 953 billion up 7 7
OFW cash remittances hit $2.169B in February
Remittance flows for the first two months of the year stand at 4 338 billion up by 5 9 compared to the same period last year
#ThewRap: Things you need to know, March 23, 2017
Hello Here are the stories you shouldn t miss this Thursday
OFW cash remittances hit $2.169B to start off 2017
The amount is up 8 6 year on year but down from the Christmas driven 2 559 billion seen in December 2016
OFW remittances beat expectations in 2016 to hit $29.7B
Data from the Bangko Sentral ng Pilipinas show that remittances from the Middle East were the biggest gainer increasing by 12 7
Due to Trump? Filipinos in U.S. sending more money home
Anticipated protectionist policies in the US the peso depreciation and other factors cause the spike in remittances to the Philippines
#ThewRap: Things you need to know, January 17, 2017
Hello Here s a round up of news you need to know this Tuesday
Remittance growth in November fastest in 8 years
Bulk of the cash remittances came from the US Saudia Arabia UAE Singapore the UK among others
Philippine peso ends week-long losing streak
The peso closes at P49 84 to 1 a day after it briefly breached the P50 to a dollar level
5 ways a Trump presidency could affect Filipinos
Donald Trump’s presidency sets the stage for future and potentially lasting economic hardships for Filipinos across the globe
Economists expect growth in OFW remittances to slow down
For the BSP s Diwa Guinigundo it is very difficult to determine the cause of the higher than expected remittance level in August since there are no concrete data
OFW remittances see highest growth in over two years
The growth in August remittances was due to the school year shift which forced the migration of money transfers says an associate economist from BPI
OFW remittances down 5.4% in July
Despite the July drop personal remittances from overseas Filipino workers are up 2 9 for 2016 so far
'Emotions preventing OFWs from financial success'
A financial expert says many overseas Filipino workers send most of their earnings to their families – and fail to save for themselves – because they feel emotions such as guilt and shame
OFW remittances rise to $2.2B in January 2016
Despite concerns in the Middle East remittances remain resilient on the back of sustained demand says the Bangko Sentral ng Pilipinas
OFW remittances in December hit record high at $2.7B
Although potential layoffs threaten the Saudi labor market OFW remittances last December surge by 4 9
PH peso could hit P49 vs dollar – Standard Chartered
Remittances from Filipinos working abroad are expected to slow down
BSP lowers 2015 remittance growth target
The growth of cash sent home by Filipinos to their loved ones in the Philippines is down to 4 slightly lower than the earlier projection of 5
PH growth seen to top most Asian countries in 2015
While the Philippines is unlikely to hit its growth target this year increased government spending especially as the May 2016 elections draw near would help it surpass most Asian countries say FMIC and UA P
Second half will be better – economists
The Philippine economy will pick up steam due to the expected surge in OFW remittances more infra projects and early spending for the 2016 polls
How the millennial consumer is reshaping the PH economy
Maybank says the Philippines young population and declining fertility rate will lead to an increase in the number of working adults who will drive domestic demand and spur economic growth
PH economy seen to recover in Q2 2015
Government spending and ease in inflation should drive economic growth in the second quarter with consumer and infrastructure spending picking up First Metro Investment Corporation says
BPO revenues to overtake OFW remittances in 2017 – IT expert
Income from outsourcing industry was at 18 9 billion in 2014 and is expected to grow by 15 to 18 every year says Jose Mari Mercado president of the Information Technology Business Process Association of the Philippines
Balikbayan for good? Some OFWs now going beyond remittances
Whether it s for professional growth familial ties or personal relations more and more Filipinos are now buying a one way ticket back to the Philippines says the Commission on Filipinos Overseas
OFW remittances: Where the money comes from
Check out the 10 countries from where Filipino workers remit the highest amount of dollars every year
Remittance growth eases in January
Money sent home by Filipinos overseas continue to grow albeit at a slower pace after the holidays
Remittance growth slows in June
Filipinos working and living overseas sent home 2 1 billion in June up 5 7 from 1 9 billion in the same month a year ago
