OFW

MANILA, Philippines – Remittances are expected to rise by two to three per cent in May this year after new overseas Filipino workers (OFWs) were deployed abroad, the Philippines’ central bank said. Although remittance growth may only be slower at single-digit levels this year, cash sent home by OFWs will not decline, central bank...
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MANILA – Overseas Filipino workers (OFWs) have been known to favor saving portions of their earnings but lately, the central bank has noted more of them have also begun making investments. Every year, about $16 billion worth of foreign exchange is sent home by Filipinos working abroad and through the decades, the Bangko Sentral...
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MANILA, Philippines – At least 100,000 more jobs in Guam, Saudi Arabia and Qatar await Filipino workers. The Philippine Overseas Employment Administration (POEA) reported that the government is currently negotiating agreements for the hiring of more Filipino workers abroad.
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MANILA, Philippines – The Philippines’ credit-worthiness may improve as long as it sustains its trade and financial surplus and minimize the global recession’s “adverse effects" on its finances, a ratings agency said. The country’s financial system “has avoided the types of stress evident in many other systems regionally and globally," said Moody’s Investors Service,...
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Cebu-based relatives of a Filipino woman killed in a shooting incident in the United States have been informed of the tragedy, the Department of Foreign Affairs said Monday. DFA spokesman Eduardo Malaya said the relatives of Dolores Carbonilas Yigal are now likely communicating with her US-based husband.
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