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Cash remittances hit $2.6-B in August, up 4.6 percent

ABS-CBN News
Posted at Oct 15 03:00 PM

This brought total remittances for the first 8 months of the year to $19.8 billion, higher by 3.9 percent than the same period in 2018. Read more »

Dissecting Data: Remittance growth slows in June

ABS-CBN News
Updated as of Aug 16 05:15 PM

Cash remittances from overseas Filipinos grew 3.2 percent in the first half, according to central bank data. Warren de Guzman presents findings from ABS-CBN Data Analytics that there are troubling trends behind the numbers. Read more »

Cash remittances up 3.2 percent to $14.6B in first half

ABS-CBN News
Updated as of Aug 15 07:48 PM

Cash remittances from overseas Filipinos hit $14.6 billion in the first six months of the year, up 3.2 percent from the same period last year, the Bangko Sentral ng Pilipinas said on Thursday.    Read more »

Dissecting Data: Cracks in PH economy

ABS-CBN News
Posted at Jul 19 06:40 PM

The economy slowed down for 2 straight years due to weaker consumption and a slowdown in remittances and the business process outsourcing sector, among others. Read more »

Cash remittances hit $2.6-B in May

ABS-CBN News
Updated as of Jul 15 06:03 PM

This brought cash remittances in the first 5 months of the year to $12.3 billion, 4.5 percent higher than in the same period in 2018.  Read more »

Cash remittances up 4 percent in April

ABS-CBN News
Posted at Jun 17 03:23 PM

Cash remittances from overseas Filipinos reached $2.4 billion in April, up 4 percent from the same month last year. Read more »

Cash remittances up 6.6 percent in March to $2.5B

ABS-CBN News
Posted at May 15 03:41 PM

This brought total cash remittances, or those coursed through banks, to $7.3 billion in the first 3 months of the year, up 4.2 percent from the first quarter of 2018, the BSP said. Read more »

PH books $627-M balance of payments surplus in March

ABS-CBN News
Posted at Apr 17 04:25 PM

The Philippines booked a balance of payments (BOP) surplus of $627 million in March 2019, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

Remittances from overseas Filipinos grow at slowest pace in February

ABS-CBN News
Posted at Apr 17 12:02 AM

While one economist believes the trend is not yet worrying, it highlights the need for the country to look for other drivers of growth. Read more »

'Paglago ng OFW remittances bumagal noong Pebrero'

ABS-CBN News
Posted at Apr 16 09:19 PM

Ayon sa datos ng BSP, bumagal sa 1.2 porsiyento ang paglago ng OFW remittances noong Pebrero.  Read more »

Remittances to developing world hit record in 2018: World Bank

Agence France-Presse
Posted at Apr 09 07:12 AM

Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said Monday.   Read more »

Dissecting data: Overseas Filipinos' remittances reach new record high

ABS-CBN News
Updated as of Feb 16 08:38 PM

Personal remittances from overseas Filipinos posted a new record of almost 3.2 billion dollars in December 2018. Read more »

Virtual exchange GOW sees 'real demand' from remittances

ABS-CBN News
Posted at Jan 24 04:53 PM

The demand comes from overseas Filipino workers who are burdened with remittance fees to send money back home. Read more »

Cash remittances up 2.8 percent in November

ABS-CBN News
Updated as of Jan 15 09:37 PM

Cash remittances from overseas Filipinos reached $2.3 billion in November last year, up 2.8 percent from the same month in 2017, the Bangko Sentral ng Pilipinas said Tuesday.  Read more »

Cash remittances up 8.7 pct in October: BSP

ABS-CBN News
Posted at Dec 17 05:21 PM

Cash remittances from overseas Filipinos hit $2.5 billion in October, up 8.7 percent compared to the same month last year, the Bangko Sentral ng Pilipinas said Monday.  Read more »

Dissecting Data: Can holiday remittances boost the peso?

ABS-CBN News
Updated as of Nov 02 03:55 PM

Can holiday remittances lift the peso, which has languished at its lowest levels in 12 years against the dollar? Read more »

Security Bank taps PisoPay.com for remittance service from Japan

ABS-CBN News
Posted at Oct 24 03:49 PM

Filipinos in Japan can send money back home through the Security Bank app or remittance centers, the Philippines' sixth largest lender said in a statement. Read more »

Cash remittances from overseas Filipinos down 0.9 pct in August: BSP

ABS-CBN News
Posted at Oct 15 06:49 PM

Cash remittances from overseas Filipinos reached $2.5 billion in August, lower by 0.9 percent compared to the same month last year, the central bank said Monday. Read more »

How weak peso, rising prices affect some OFW families

Karen Lema, Reuters
Posted at Sep 20 12:34 PM

Inflation, now at a nine-year high of 6.4 percent and running above the central bank's 2-4 percent target for the past six months, is eroding the purchasing power of Filipino consumers, the backbone of the Southeast Asian economy. Read more »

DTI hinikayat ang maagang paghahanda para sa Pasko

ABS-CBN News
Updated as of Sep 18 11:03 PM

Hinikayat ang publiko na magsimula nang mamili para sa mga ihahanda sa darating na Pasko dahil sa pinangangambahang pagtaas ng presyo ng mga bilihin.   Read more »