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OFW remittances rose 5.4% to $2B—BSP

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

Cash transfers from the country’s migrant workers rose in line with government expectations in May, as Filipinos remained in-demand to fill both skilled and unskilled positions around the world.

Posted: July 15th, 2014 in Latest Business Stories | Read More »

Growth in remittances slowed in April

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money

Remittance flows from Filipinos abroad last April grew at its slowest pace so far this 2014, even as the demand for skilled Filipino workers in overseas job markets remained robust, data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed.

Posted: June 16th, 2014 in Latest Business Stories | Read More »

Sterling Bank rolls out deposit product for OFWs

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Filipino domestic helpers line up to send money at a remittance center in the central district of Hong Kong in this 2008 file photo.  AFP/TED ALJIBE

Thrift bank Sterling Bank of Asia seeks to promote the habit of saving among overseas Filipinos with the rollout of a new deposit product that waives the initial deposit and minimum maintaining balance requirements for this sector.

Posted: September 24th, 2013 in Latest Business Stories | Read More »

Thousands of OFWs venture into business—Labor dep’t

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From overseas Filipino workers to entrepreneurs. Many OFWs have started to believe there are better opportunities beyond overseas work as more than 3,700 returning OFWs, including those who were repatriated from troubled countries, have ventured into business in 2012, according to the Department of Labor and Employment.

Posted: December 28th, 2012 in Latest Business Stories | Read More »

OFW remittances grew by 7.2% to $20.1-B in 2011 — BSP

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Remittances to the country reached an all-time high of over $20 billion last year as demand for Filipino workers remained strong even amid economic and political challenges confronting labor markets in the West and the Middle East.

Posted: February 15th, 2012 in Latest Business Stories | Read More »

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