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Cash remittances hit $2.502B in November 2021: BSP

ABS-CBN News
Posted at Jan 14 01:26 PM

Cash remittances coursed through banks from overseas Filipinos hit $2.502 billion in November 2021, 5.1 percent higher compared to the $2.379 billion in the same period in 2020, the Bangko Sentral ng Pilipinas said Friday. Read more »

#OdettePH: Pila sa mga gasolinahan, water refilling station sa Bohol mahaba pa rin

ABS-CBN News
Posted at Dec 24 01:13 PM

Mahaba pa rin ang pila ng mga tao sa mga gasolinahan, remittance center at ATM sa Bohol isang linggo matapos na manalasa si Odette. Read more »

Paano magpadala ng pera kahit saan ka man sa bansa

PayMaya
Updated as of Dec 22 10:13 AM

Talagang mapapasayaw ka sa dali ng remittance experience na ito. Read more »

Cash remittances up 2.4 percent in October: BSP

ABS-CBN News
Updated as of Dec 15 10:56 AM

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

Cash remittances up 5.1 percent in August

ABS-CBN News
Posted at Oct 15 11:56 AM

Cash remittances from overseas Filipinos coursed through banks rose in August, the Bangko Sentral said Friday. Read more »

Remittances seen to grow 5 pct this year: WorldRemit PH

ABS-CBN News
Posted at Sep 17 11:05 AM

Remittances are likely to grow by 5 percent this year despite the pandemic due to continued increase in key market sources and a rebound in some nations, WorldRemit PH country director Earl Melivo told ANC. Read more »

Cash remittances up 7 pct at $2.6 billion in June: BSP

ABS-CBN News
Posted at Aug 16 02:36 PM

Cash remittances from overseas Filipinos coursed through banks rose by 7 percent to $2.638 billion in June compared to the $2.465 billion in the same month last year, the Bangko Sentral ng Pilipinas said Monday. Read more »

How OFWs can better manage, protect their finances

BPI
Posted at Jul 29 08:30 AM

These remittance solutions aim to help OFWs and their families in the Philippines work towards a bright future together. Read more »

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 »