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ADB keeps PH growth outlook; cites Delta variant as risk to recovery

ABS-CBN News
Posted at Jul 22 11:34 AM

The Asian Development Bank has kept its growth outlook for the Philippines despite the downgrade in developing Asia, due to the improved economic measures and its COVID-19 containment plans, its chief economist said Thursday. Read more »

Transco eyes remitting all of 2020 earnings to national government: DOF

ABS-CBN News
Posted at Jul 13 06:11 PM

The National Transmission Corp (Transco) is eyeing remitting all of its 2020 net earnings as dividends to the Bureau of Treasury to help fund the country's fight against COVID-19, the Department of Finance said Tuesday.   Read more »

Cash remittances up 13 percent to $2.38 billion in May

ABS-CBN News
Posted at Jul 13 05:32 PM

Cash remittances from overseas Filipinos coursed through banks rose in May, the Bangko Sentral ng Pilipinas said Tuesday. Read more »

GCash aims to be ‘super lifestyle app’ with virtual mall GLife

Art Fuentes, ABS-CBN News
Posted at May 12 07:56 PM

GCash president and CEO Martha Sazon said through the app’s GLife feature, users will be able to access shopping, food, home improvement and other services.  Read more »

OFW remittances bumaba noong Enero: BSP

ABS-CBN News
Updated as of Mar 18 09:56 PM

Nabawasan ang perang pinapadala sa Pilipinas ng mga Pinoy na nagtatrabaho sa ibang bansa noong Enero, ayon sa BSP. Read more »

Mga pamilya ng OFWs umaaray sa bawas-padala dahil sa pandemya

ABS-CBN News
Updated as of Feb 16 01:24 AM

Dahil sa pandemya, inasahang bagsak ang padalang remittances ng mga overseas Filipino workers noong 2020. Read more »

BDO waives remittance fee for donations to typhoon victims until yearend

Gillan Ropero, ABS-CBN News
Posted at Nov 29 11:34 AM

BDO Remit said Sunday it waived fees on overseas donations for typhoon victims until December 31. Read more »

WorldRemit waives transfer fees to the Philippines until Nov. 10

ABS-CBN News
Posted at Nov 08 11:41 PM

The company said customers will be able to send money from across the world to the Philippines with no service fees from Nov. 4 to 10. Read more »

Remittance flows to fall 14% by 2021 as migration falls, says World Bank

Reuters
Posted at Oct 30 01:03 AM

The amount of money migrant workers send home is expected to fall 14% by 2021 compared with levels before the coronavirus pandemic in 2019, the World Bank has estimated.   Read more »

Philippine economy 2020: How it started vs how it's going

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Oct 21 04:51 PM

The year 2020 was supposed to bring in nearly $9 billion in net foreign direct investment inflows, a near 10 percent growth in tourism income, and the steady, ever-so-reliable dollar income stream of overseas Filipino remittances and business process outsourcing. Trade was also seen continuing at a deficit, as the Philippines imported more to feed its growing appetite for infrastructure and foreign goods and services. Read more »

Remittance decline likely ‘less than’ expected in 2020: BSP

ABS-CBN News
Posted at Oct 16 10:44 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Friday remittances could shrink by less than the initial forecast of 5 percent due to improving figures.  Read more »

PH money remitters flagged in millions of dollars in ‘suspicious’ transactions

Karol Ilagan, Philippine Center for Investigative Journalism
Updated as of Sep 21 02:59 PM

In this collaboration with more than 400 journalists in 88 countries, PCIJ examines the Filipino subjects in the FinCEN Files and why the Philippines continues to attract financial crime. Read more »

Cash remittances rise for second straight month in July: BSP

ABS-CBN News
Posted at Sep 15 11:40 AM

Cash remittances grew for the second straight month in July due to the increase in land-based workers' remittances, the Bangko Sentral ng Pilipinas said Tuesday.    Read more »

Ilang SAP beneficiaries sa Las Piñas magdamag pumila sa remittance center para makuha ang ayuda

ABS-CBN News
Updated as of Aug 11 06:59 PM

Magdamag pumila ang ilang benepisyaryo ng ika-2 bugso ng social amelioration program sa remittance center sa Las Piñas. Read more »

Cash remittances drop in May due to repatriation, limited bank operations

ABS-CBN News
Posted at Aug 03 11:32 AM

Cash remittances from overseas Filipinos dropped in May due to limited bank operations and repatriation of overseas workers due to the coronavirus pandemic, the Bangko Sentral ng Pilipinas said Monday. Read more »

Cebuana Lhuillier offers web and app-based remittance service

ABS-CBN News
Updated as of Jul 13 11:27 AM

Cebuana Lhuillier on Thursday said it has launched a new service that allows clients to send money using its website and its app as financial transactions shift to digital amid the COVID-19 pandemic.  Read more »

Remittances ng mga OFW ngayong taon, posibleng bumaba ayon sa BSP

Joyce Balancio, ABS-CBN News
Posted at Jul 06 11:40 PM

Maaaring bumaba nang hanggang 5 porsyento ang remittances ng mga overseas Filipino workers ayon sa Bangko Sentral ng Pilipinas. Read more »

Philippines should 'export' more doctors, nurses, computer specialists says BSP

ABS-CBN News
Updated as of Jul 06 03:30 PM

The Philippines should take advantage of its young workforce to harness and "export" more professionals in the future, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.  Read more »

OFW remittances posibleng bumagsak dahil sa COVID-19 pandemic: eksperto

ABS-CBN News
Posted at May 28 08:29 PM

Pinangangambahan ng ekonomista na babagsak ang remittances ng mga overseas Filipino workers ngayong taon matapos mawalan ang iilan sa kanila ng trabaho at magbalik-Pinas dala ng COVID-19 pandemic.  Read more »

Cash remittances up 4.6 percent in Jan-Feb: Bangko Sentral

ABS-CBN News
Posted at May 15 01:35 PM

Cash remittances for the January to February period reached $5 billion (P253 billion) from $4.8 billion in the same comparable period last year, the BSP said. Total cash remittance for February is $2.36 billion from $2.3 billion last year, it said.  Read more »