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 officials said.
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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 ng Pilipinas (BSP) said these inflows have supported private spending.
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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, which affirmed its
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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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This article was written by a chinese columnist Chip Tsao who called the Philippines a “nation of servants.”, This has enraged Filipinos all over the world for his racial slur.
The Russians sank a Hong Kong freighter last month, killing the seven Chinese seamen onboard. We can live with that-—Lenin and Stalin were once the ideological mentors of all Chinese people. The Japanese planted a flag on Diàoyú Isla
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The controversial article of Chinese writer Chip Tsao describing the Philippines as “a nation of servants” as well as his profile photo has been pulled out of the online edition of HK Magazine.
Tsao’s March 27 article entitled “The War at Home,” which sparked uproar from politicians, migrant workers and Filipinos all over the world, could no longer be found on the magazine’s website.
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Money sent home by Filipinos working abroad have kept at least 4 million Filipinos out of poverty as of 2006, an Asian Development Bank (ADB) economist said Tuesday.
Kelly Bird, senior economist at ADB’s Southeast Asia department, described remittances as "a major anti-poverty driver" in the country.
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The Filipino community in Hong Kong will launch street protests starting Sunday in light of a columnist’s branding of the Philippines as a "nation of servants," a Filipino envoy said on Tuesday.
Romulo Salud, labor attache of the Philippine consulate general in Hong Kong, said in an interview over radio dzBB that the Filipino community has decided to openly express their outrage at columnist Chip T
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Vice-President Noli de Castro on Friday said Philippine embassy officials in Kuwait are still working on getting a pardon for two overseas Filipino workers, May Vecina and Marilou Ranario, even if they have already been saved from the death row.
“At least, buhay yung tao. May possibility pa na mabigyan ng pardon. Dadagdagan natin ang ating dasal,” De Castro said.
On Thursday, the DFA announced th
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Toni Gonzaga:
Celestine Cruz Gonzaga (known by her screen name Toni Gonzaga), is a Filipino actress, TV host, dancer and singer. She started her career with GMA Network b...
Bubby Dacer: Salvador "Bubby" Dacer was a publicist in the Philippines. His clients included many of the top figures in Philippine politics, notably Presidents Fidel Ramos ...
