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Cash remittances up 12.7 percent in April; personal remittances 'higher' than pre-pandemic level

ABS-CBN News
Posted at Jun 15 05:10 PM

Cash remittances from overseas Filipinos coursed through banks rose in April due to the increased contributions by land-based and sea-based workers, the Bangko Sentral ng Pilipinas said Tuesday.  Read more »

Nomura sees remittances growing 5.1 percent this year

ABS-CBN News
Posted at May 18 04:30 PM

Remittances from overseas Filipinos may grow 5.1 percent this year after declining 0.8 percent in 2020, according to international financial services company Nomura.    Read more »

Cash remittances hit $2.5 billion in March, up 4.9 percent

ABS-CBN News
Posted at May 17 04:17 PM

Cash remittances from overseas Filipinos rose 4.9 percent to $2.514 billion in March, from $2.397 billion in the same month last year, the Bangko Sentral ng Pilipinas said on Monday. Read more »

Cash remittances expand in February: Bangko Sentral

ABS-CBN News
Posted at Apr 15 11:35 AM

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

Dissecting Data: Remittances defy bleak forecasts but still fall in 2020

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Feb 16 04:23 PM

Remittances remained surprisingly resilient in 2020 but still declined for the first time since 2001 due to the disruptions caused by the COVID-19 pandemic.  Read more »

Decline in cash remittances not as steep as forecast: BSP

ABS-CBN News
Posted at Feb 15 05:38 PM

For the whole of 2020, cash remittances amounted to$29.9 billion, lower by 0.8 percent than the $30.133 billion registered in 2019, the BSP said.    Read more »

Cash remittances hit $2.38 billion in November, up 0.3 percent

ABS-CBN News
Posted at Jan 14 05:57 PM

Cash remittances from overseas Filipinos rose 0.3 percent to $2.379 billion in November last year, the Bangko Sentral ng Pilipinas said on Thursday.    Read more »

Remittance resurgence a tonic but no cure for sickly emerging economies

Tom Arnold, Reuters
Posted at Dec 22 09:31 AM

Larger-than-expected money transfers from migrants overseas have provided a tonic for several sickly economies during the coronavirus crisis, but the outlook for such flows remains fraught with uncertainty even as vaccines are rolled out. Read more »

80,000 more OFWs expected to return home in 1st half of 2021 due to pandemic: official

ABS-CBN News
Posted at Dec 17 06:03 PM

Some 80,000 more Filipino migrant workers are expected to return to the Philippines in the first half of next year, the Overseas Workers Welfare Administration said on Thursday.   Read more »

Cash remittances up 2.9 percent in October

ABS-CBN News
Posted at Dec 16 10:58 AM

Cash remittances from overseas Filipinos hit $2.747 billion in October, up 2.9 percent compared to the same month last year, the Bangko Sentral said.    Read more »

Over 300,000 OFWs repatriated due to pandemic: DFA

ABS-CBN News
Posted at Dec 14 01:55 AM

Over 300,000 overseas Filipino workers have so far been repatriated this year due to the COVID-19 pandemic, the Department of Foreign Affairs said on Sunday.  Read more »

Remittances defy bleak forecasts, may still grow this year despite pandemic: industry player

Art Fuentes, ABS-CBN News
Posted at Dec 03 05:05 PM

WorldRemit said that despite bleak projections months ago, remittances have been actually rising in the last few months. Read more »

Cash remittances grow 9.3 pct to $2.6 billion in Sept

ABS-CBN News
Posted at Nov 16 01:52 PM

Cash remittances from overseas Filipinos hit $2.6 billion in September which was 9.3 percent higher compared to the same month last year, the Bangko Sentral said on Monday.    Read more »

Western Union to close in Cuba following new US sanctions

Agence France-Presse
Posted at Oct 28 09:08 AM

US-based money transfer company Western Union will close its offices in Cuba following new sanctions from Washington which prevent it from working with Fincimex, a financial company run by the island's military, Havana said Tuesday. 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 »

Cash remittances decline 4.1 pct in August: BSP

ABS-CBN News
Posted at Oct 15 12:21 PM

Cash remittances coursed through banks dropped 4.1 percent in August due to reduced remittances from both land-based and sea-based workers, the Bangko Sentral ng Pilipinas said Thursday.    Read more »

Payoneer partners with GCash to expand financial services

ABS-CBN News
Posted at Oct 02 04:37 PM

Cross-border payment platform Payoneer on Friday said it tapped mobile e-wallet operator GCash to expand financial services for Filipinos. Read more »

Immigrants keep sending money home despite pandemic job losses

Miriam Jordan, The New York Times
Posted at Sep 25 06:44 AM

After weathering the worst months of the lockdown, many immigrants are back on the job and sending their relatives even more money than before the downturn, according to newly compiled estimates. 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 »

Philippine economy 'unlikely' to worsen in 2021, says BSP Gov. Diokno

ABS-CBN News
Updated as of Sep 11 11:46 AM

The economy is "unlikely" to worsen in 2021, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Friday, as the recurrence of the total lockdowns in April and May due to COVID-19 is not expected. Read more »