News

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 »

Cash remittances from overseas Filipinos up 5.2 pct in July: BSP

ABS-CBN News
Posted at Sep 17 05:10 PM

Cash remittances from overseas Filipinos grew 5.2 percent in July to $2.4 billion, according to the Bangko Sentral ng Pilipinas (BSP) data released Monday. Read more »

Ilang pamilya ng mga OFW, hirap mag-budget dahil sa mahal na bilihin

ABS-CBN News
Posted at Aug 19 08:05 PM

Dumadaing ang ilang pamilya ng mga overseas Filipino worker dahil hindi na sapat ang mga padala dahil sa mahal ng mga bilihin. Read more »

'Repatriation of OFWs affects remittance flows'

ABS-CBN News
Posted at Aug 17 12:58 AM

The slowing remittances from Filipinos overseas may not pick up any time soon, as some overseas Filipino workers repatriated from the Middle East don't have any more plans to go back abroad.  Read more »

'Repatriation ng OFWs, nakaapekto sa mabagal na pasok ng cash remittances'

ABS-CBN News
Posted at Aug 16 09:47 PM

Naitala sa unang anim na buwan ng taon ang mas mabagal na pagpasok ng cash remittances sa bansa. Read more »

Cash remittances down 4.5 pct in June amid OFW repatriation: BSP

ABS-CBN News
Updated as of Aug 16 12:11 PM

Cash remittances from overseas Filipinos totaled $2.4 billion in June, down 4.5 percent compared to the same month a year ago, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

OFW welfare is top PH foreign policy concern, says Duterte

ABS-CBN News
Updated as of Jul 23 07:01 PM

MANILA- President Rodrigo Duterte assured on Monday that the welfare of Filipino migrant workers is the top foreign policy concern of the Philippines. Read more »

Cash remittances up 6.9 percent in May: BSP

ABS-CBN News
Posted at Jul 16 01:50 PM

Cash remittances from Filipinos overseas rose by 6.9 percent in May compared to the same period last year, data from the Bangko Sentral ng Pilipinas showed.  Read more »

GCash, AlipayHK launch blockchain-powered remittance service

ABS-CBN News
Posted at Jun 25 04:10 PM

Transaction fees will be waived during a 3-month trial period. Users can send and receive money on their digital wallets by just tapping on their mobile devices, Globe said in a statement. Read more »

Cash remittances rise the most in 17 months

ABS-CBN News
Posted at Jun 18 12:56 PM

Cash remittances, or those coursed through banks, totaled $2.3 billion, bringing the total in the first 4 months of the year to $9.4 billion, a 3.5-percent increase from January to April 2017. Read more »

Peso holds at 53 vs $1 after Fed raises rates

ABS-CBN News
Posted at Jun 14 11:23 AM

The peso weakened further against the dollar on Thursday, holding at its lowest in 12 years, after the Federal Reserve raised interest rates and signaled up to 2 more this year. Read more »

Pagpalo sa P53.23 ng palitan ng piso vs dolyar, 'di dapat ikabahala'

ABS-CBN News
Posted at Jun 14 12:59 AM

Hindi dapat ikabahala ang pagpalo sa P53.23 ng palitan ng piso kontra dolyar nitong Miyerkoles, ayon sa ilang eksperto. Read more »

'Palitan ng piso vs dolyar, maaaring umabot sa P53'

ABS-CBN News
Posted at Jun 11 11:15 PM

Nitong Lunes, nagsara sa pinakamababang antas nito sa loob ng 12 taon ang halaga ng piso kontra dolyar. Read more »

Weak peso 'net positive' for Philippines, officials say

Michelle Ong, ABS-CBN News
Posted at May 22 03:08 PM

A weak peso is "net positive" for the Philippines as this would pad the value of dollar remittances from overseas Filipinos, increasing the spending power of their families back home, economic managers said Tuesday. Read more »

Remittances from Filipinos overseas down 10 pct in March

ABS-CBN News
Posted at May 15 08:38 PM

Personal remittances in March 2018, at $2.6 billion, were 9.9 percent lower compared to the same month last year, the BSP said in a statement. Read more »

Migrant workers sent $256 billion home to Asia-Pacific last year - U.N.

Michael Taylor, Thomson Reuters Foundation
Posted at May 07 09:28 PM

The three largest remittance-receiving nations were India at $69 billion, China at $64 billion and the Philippines at $33 billion, according to the report. Read more »

Real-time remittance sending made possible via mobile app

MoneyGram
Updated as of May 10 05:06 PM

MoneyGram has partnered with GCash to allow easier remittance sending and receiving through the GCash mobile application, which may allow receiver of remittances to get the money within 10 minutes through mobile wallet. Read more »

Digital gaining ground in remittance market: PayPal

Jessica Fenol, ABS-CBN News
Updated as of Apr 02 01:54 PM

Overseas Filipinos are starting to see the value of digital methods of remitting money, PayPal said Tuesday. Read more »

OPINION: Marcos’ legacy: The Ilocano spirit?

Karim Raslan -- Ceritalah ASEAN
Posted at Mar 21 01:43 PM

As the legacy of Marcos resurfaces, it carries with it promises (however lofty) of an easier, richer and happier future. Can those who oppose them deliver something better? Read more »