remittances | ABS-CBN News

Cash remittances up 3 percent at $2.67 billion in March

ABS-CBN News
Posted at May 15 11:28 AM

Money sent from the US, Singapore, Saudi Arabia, and the United Arab Emirates were the main drivers of the growth in cash remittances in the first quarter. Read more »

Digital banks can offer 'better' remittance pricing, says UnionDigital

ABS-CBN News
Posted at Apr 17 10:31 AM

Digital banks can help cut remittance fees paid by overseas Filipino workers, UnionDigital Bank President and CEO Henry Aguda said. Read more »

Cash remittances hit $2.76 billion in January 2023: BSP

ABS-CBN News
Posted at Mar 15 11:36 AM

Cash remittances from overseas Filipinos coursed through banks rose 3.5 percent to $2.76 billion in January 2023, data from the Bangko Sentral ng Pilipinas released Wednesday showed. Read more »

TANGapp aims for fintech to have social impact in PH

Art Fuentes, ABS-CBN News
Updated as of Feb 17 10:00 PM

A US-based fintech startup founded by a Filipina is aiming to make sending remittances from the United States “as easy as sending a text message” while at the same time making an impact in the lives of OFW families. Read more »

Cash remittances hit $32.54 billion in 2022: BSP

ABS-CBN News
Updated as of Feb 15 03:38 PM

Cash remittances from overseas Filipinos coursed through banks reached $32.54 billion in 2022, higher by 3.6 percent from $31.42 billion in 2021, the BSP said. Read more »

Cash remittances hit $2.64-B in November, up 5.7 pct

ABS-CBN News
Updated as of Jan 16 02:26 PM

From January to November, cash remittances$29.38 billion, 3.3 percent higher than the $28.43 billion booked in the same period in 2021. Read more »

Philippines' GIR level at $96 billion as of end December: BSP

ABS-CBN News
Updated as of Jan 09 11:54 AM

The country's gross international reserves level rose to $96 billion as of the end of December 2022, data from the Bangko Sentral ng Pilipinas showed. Read more »

Cash remittance up 3.5 percent in October

ABS-CBN News
Posted at Dec 15 01:20 PM

Cash remittances from overseas Filipinos rose by 3.5 percent to $2.91 billion in October compared to the $2.81 billion booked in the same month in 2021. Read more »

Remittances to lower income countries ease in 2022: World Bank

Agence France-Presse
Posted at Dec 01 08:01 AM

Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants' incomes, the World Bank said. Read more »

'Sharp increase' in OFW remittances seen in early 2023

ABS-CBN News
Posted at Nov 30 02:50 PM

The Department of Migrant Workers is expecting a "sharp increase" in remittances from overseas Filipino workers by the first quarter of 2023. Read more »

Cash remittances up 3.8 pct in September

ABS-CBN News
Posted at Nov 15 10:46 PM

Filipinos overseas are sending more money home ahead of the Christmas season. Read more »

Ipon, remittances posibleng mauwi sa 'revenge spending': ekonomista

ABS-CBN News
Posted at Nov 15 08:46 PM

Kahit tumataas ang presyo ng bilihin, tingin ng isang ekonomista ay gagastos pa rin ang mga Pinoy, lalo na ngayong parating ang Pasko at Bagong Taon. Read more »

Filipino store in Vancouver sued for alleged remittance scam

Rowena Papasin | TFC News Vancouver
Posted at Nov 15 08:41 PM

The store's new owner said that many customers came to them complaining that their remittances were never sent. Read more »

Cash remittances up 3.8 percent to $2.8B in September

ABS-CBN News
Updated as of Nov 15 11:07 PM

Cash remittances coursed through banks grew 3.8 percent to $2.84 billion in September, data from the BSP showed. Read more »

PH gross reserves improve to $94.1 billion in October

ABS-CBN News
Posted at Nov 07 04:52 PM

The Philippines' gross international reserves (GIR) level rose to $94.1 billion as of the end of October, data from the Bangko Sentral ng Pilipinas released Monday showed. Read more »

Cash remittances up 4.3 percent to $2.72-B in August

ABS-CBN News
Posted at Oct 17 03:59 PM

Cash remittances coursed through banks grew by 4.3 percent to $2.72 billion in August, according to the data released Monday by the Bangko Sentral ng Pilipinas. Read more »

'Kumu lets some Filipino creators earn up to $3k a month'

Jessica Fenol, ABS-CBN News
Posted at Oct 13 03:48 PM

Kumu has offered Filipino content creators a venue to showcase their talents, earn a living and combat depression during the COVID-19 pandemic. Read more »

BSP sees wider current account deficit as import costs surge

Warren De Guzman, ABS-CBN News
Posted at Sep 16 05:12 PM

The Bangko Sentral ng Pilipinas expecting the country's current account deficit to widen to a record high of $20.6 billion for 2022. Read more »

Cash remittances up 2.3 percent in July: BSP

ABS-CBN News
Posted at Sep 15 10:56 AM

Cash remittances coursed through banks grew by 2.3 percent to $2.92 billion in July, data from the Bangko Sentral ng Pilipinas showed. Read more »

'Ganansiya sa palitan ng piso sa dolyar, mababalewala rin dahil sa taas-presyo'

ABS-CBN News
Posted at Sep 07 08:43 PM

Ayon sa ilang ekonomista, bagama't makikinabang sa paglakas ng dolyar ang ilang sektor, panandalian lang din ito. Read more »