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Western Union taps TrueMoney to expand fund transfer services

ABS-CBN News
Updated as of Aug 10 03:44 PM

Western Union said Monday said it would collaborate with TrueMoney to expand its money transfer services in the country. Read more »

Coronavirus to cut remittances to Asia-Pacific by $54.3 billion: ADB

Kyodo News
Posted at Aug 09 09:20 AM

Remittance receipts in Asia and the Pacific will fall by as much as $54.3 billion in 2020 due to large-scale unemployment and wage reduction among migrant workers hit by the coronavirus pandemic, according to a study by the Asian Development Bank. Read more »

PH remittances seen to drop 20 percent as ADB study assumes 'worst-case scenario'

ABS-CBN News
Posted at Aug 04 05:58 PM

The Philippines may see remittances from overseas Filipinos drop 20.2 percent this year compared to 2018 levels because of the disruptions caused by the COVID-19 pandemic, according to a study by economists at the Asian Development Bank. 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 »

ANALYSIS: FDI and remittance flows into the Philippines are drying up

Warren de Guzman and Edson Guido, ABS-CBN Data Analytics
Updated as of Jul 22 07:09 PM

Foreign direct investment inflows into the Philippines are drying up at a fast pace, as remittances from overseas Filipinos also decline. Can we still expect a quick and robust economic recovery? 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 »

DOLE expects 30-40 pct cut in remittances after COVID-19 displaces 400,000 OFWs

Katrina Domingo, ABS-CBN News
Posted at Jun 24 07:17 PM

The Department of Labor and Employment (DOLE) on Wednesday said it expected overseas Filipino workers' (OFW) remittances to be reduced by 30 to 40 percent this year as migrant workers continue to be displaced by the coronavirus pandemic. Read more »

Cash remittances decline in March with drop in OFW deployment

ABS-CBN News
Posted at Jun 11 10:01 PM

Cash remittances from overseas Filipinos reached $2.4 billion in March, down 4.7 percent from the same month last year, the Bangko Sentral ng Pilipinas said on Thursday.    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 »

43,000 overseas Filipinos are coming home: Labor chief

ABS-CBN News
Posted at May 20 07:45 AM

Some 43,000 more overseas Filipino workers are expected to come home between May and June as the coronavirus pandemic slashed jobs all over the world, the Department of Labor and Employment said Wednesday. 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 »

Remittances mula sa OFWs sa Italy, apektado ng COVID-19 pandemic

Mye Mulingtapang, ABS-CBN News
Posted at May 01 05:51 PM

MILAN, Italy - Maraming Pilipino ang nawalan ng trabaho, nabawasan o naantala ang sahod at nalagay sa forced unpaid leave at no work, no pay simula nang ipatupad ang nationwide quarantine sa Italy noong Marso 10. Read more »

Remittances could decline if COVID-19 disruption persists: Pernia

ABS-CBN News
Updated as of Apr 07 10:40 AM

The coronavirus pandemic could shave 20 to 30 percent off dollar remittances from Filipinos overseas, as the contagion halts businesses worldwide, Socioeconomic Planning Secretary Ernesto Pernia said Tuesday. Read more »

Gov’t optimistic on record-high remittances despite coronavirus outbreak

Arianne Merez, ABS-CBN News
Posted at Feb 24 01:04 PM

Remittances from Filipino migrant workers are expected to reach a new record-high this year even as the world grapples with the COVID-19 outbreak, a Cabinet official said Monday. Read more »

BDO waives remittance fees for Taal donations

ABS-CBN News
Updated as of Jan 24 04:31 PM

Fees for cash donations sent through different BDO Remit offices abroad are waived from Jan. 14 to March 31 under its "remittance free campaign," the bank said in a statement.    Read more »

Cash remittances hit $2.4-B in November, up 2.1 percent

ABS-CBN News
Posted at Jan 15 03:40 PM

Cash remittances from overseas Filipinos reached $2.4 billion in November 2019, higher by 2 percent compared to the same month in 2018.  Read more »

Bangko Sentral advises OFW families: Save, invest using remittances

ABS-CBN News
Updated as of Dec 26 12:13 PM

Remittances from abroad are expected to increase next year due to a "growing" demand for skilled overseas Filipino workers in developed economies, a Central Bank official said Thursday. Read more »

Christmas 'magic' propels remittances, lifts peso

Jessica Fenol, ABS-CBN News
Updated as of Dec 19 02:09 PM

Cash transfers and balikbayan boxes from Filipino expatriates surge during the holidays, this year defying uncertainties due to the pro-democracy protests in Hong Kong and Brexit, which both rattled world financial markets. Read more »

Remittance growth in October defies slowdown fears due to HK, Brexit

ABS-CBN News
Updated as of Dec 16 04:07 PM

Cash remittances from overseas Filipinos reached $2.7 billion in October, which was 8 percent higher compared to the same month last year, the central bank said on Monday.  Read more »