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OFW remittances up 5.6% in March

Personal remittances from overseas Filipino workers (OFW) went up by 5.6 percent in March 2021, latest data from the Bangko Sentral ng Pilipinas (BSP) show. Still, the latest increase in personal remittances amounted to $2.80 billion compared to only $2.65 billion in March 2020. “This is the second consecutive month that remittances were higher than […] The post OFW remittances up 5.6% in March appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneMay 17th, 2021

OFW remittances up 5.6% in March

Personal remittances from overseas Filipino workers (OFW) went up by 5.6 percent in March 2021, latest data from the Bangko Sentral ng Pilipinas (BSP) show. Still, the latest increase in personal remittances amounted to $2.80 billion compared to only $2.65 billion in March 2020. “This is the second consecutive month that remittances were higher than […] The post OFW remittances up 5.6% in March appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 17th, 2021

Remittances grow for second straight month in March

Money sent home by Filipinos abroad posted another month of growth in March, but mainly due to benefits of low base that hardly tell a convincing recovery......»»

Category: newsSource:  philstarRelated NewsMay 17th, 2021

Remittances to Mexico hit a monthly record in March

Five out of every 100 Mexican families – about 1.8 million people – obtain resources from abroad, in most parts of the United States where.....»»

Category: newsSource:  thedailyguardianRelated NewsMay 4th, 2021

Expulsions of Mexican Immigrants from the United States Are Also at High Levels: BBVA Research

In March 2021, when Remittances to Mexico totaled $ 4.152 millionThe BBVA analysis highlighted that expulsions of Mexicans from the United States also recorded high.....»»

Category: newsSource:  thedailyguardianRelated NewsMay 4th, 2021

Cash remittances dip 6.4% in January-May

The central bank said cash remittances or transfers via the banking system has declined by 6.4 percent year-on-year in the first five months of the year to $11.554 billion from $12.349 billion.  “The decline in cash remittances was due to the negative effects of the continued limited operating hours of some banks and institutions that provide money transfer services during the lockdown and the repatriation of many OFWs (Overseas Filipino Workers) in March 2020,” said the Bangko Sentral ng Pilipinas (BSP) in a statement Monday. The cash remittances of land-based overseas Filipinos dropped 7.2 percent to $8.965 billion compared to same time last year of $9.664 billion. The remittances of sea-based workers also dipped 3.6 percent to $2.589 billion from $2.684 billion.  “By country source, the US registered the highest share to total overseas Filipinos remittances at 39.4 percent for January–May. It was followed by Singapore, Saudi Arabia, Japan, the United Kingdom, United Arab Emirates, Canada, Hongkong, Qatar, and Taiwan,” the BSP said. “The combined remittances from these countries accounted for 78.8 percent of total cash remittances.” For the month of May only, remittances sent through the banks decreased by 19.3 percent to $2.106 billion compared to $2.609 billion same time in 2019. Also for the month of May, personal remittances fell by 19.2 percent to $2.341 billion versus $2.896 billion in May 2019. Personal remittances from land-based workers with work contracts of one year or more slipped by 21.2 percent to $1.77 billion in May from $2.24 billion. Sea-based workers and land-based workers with work contracts of less than one year also declined by 12.4 percent to $519 million from $592 million in 2019. According to the BSP, “this is the third consecutive month that personal remittances posted year-on-year contraction amid the adverse effects of the COVID-19 pandemic on global economic activity, travel, and employment, resulting in the repatriation or deferment of employment of many OFWs.” For the cumulative January-May, personal remittances went down by 6.4 percent year-on-year to $12.835 billion from $13.707 billion. Personal remittances as defined by the BSP, is the “sum of net compensation of employees, personal transfers and capital transfers between households.” For 2020, the BSP expects cash remittances to contract by five percent and end up with $28.6 billion and then recover next year, bouncing back to a four percent growth to $29.8 billion. Last year, cash remittances reached $30.133 billion or up 4.1 percent from 2018, while personal remittances grew by 3.9 percent year-on-year to $33.467 billion......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

Arturo Herrera, the man who will define the moral economy of AMLO

Arturo Herrera Gutiérrez was born on March 21, 1966 in Octoban, Hidalgo. He studied economics at the Universidad Autonoma Metropolitana (UAM), and at the Colegio.....»»

Category: sportsSource:  abscbnRelated NewsJun 10th, 2021

FDI inflow surges in March

The net inflow of foreign direct investments more than doubled in March as the gradual reopening of the economy further boosted investor sentiment, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2021

Vaccine Board chief: Nearly 28K Mandaue residents jabbed

MANDAUE CITY, Philippines- Nearly 28,000 or  some 27,764 residents in Mandaue City have already received their COVID-19 vaccines since the COVID-19 vaccination in the city started in March. Subangdaku Barangay Captain Ernie Manatad, chairman of the Mandaue City COVID-19 Vaccine Board, said the city had been vaccinating more than 2, 000 per day at the […] The post Vaccine Board chief: Nearly 28K Mandaue residents jabbed appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJun 10th, 2021

Huge low base lift boosts job-generating FDIs in March

Foreign direct investments to the Philippines posted a headline-grabbing growth in March, thanks to a huge lift from base effects that will likely fade in the next months......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2021

LANDBANK Q1 Assets Up 16.14% as Deposits Rise

State-run Land Bank of the Philippines (LANDBANK) reported a 16.14% growth in total assets to P2.405 trillion as of March 31, 2021, from the P2.071 trillion in the same period last year. The assets increase was driven by the 16.21% growth in deposits to P2.123 trillion from P1.827 trillion in 2020. Despite the continuing challenges […].....»»

Category: newsSource:  metrocebuRelated NewsJun 9th, 2021

April jobless rate climbed to 8.7% due to new lockdown

Unemployment rate in April climbed to 8.7 percent from 7.1 percent in March after the government re-imposed the enhanced community quarantine and later the modified ECQ in the National Capital Region Plus area starting March 29......»»

Category: financeSource:  thestandardRelated NewsJun 9th, 2021

Think positively, but realistically too

When we went back into lockdown last March, it was a devastating blow to many who felt that we were inching towards learning how to live with COVID-19 while we waited for the arrival of the vaccines......»»

Category: financeSource:  philstarRelated NewsJun 8th, 2021

4.5 million students register early for next school year — DepEd

At least 4,557,435 students have signed up during the early registration in public schools for kindergarten and Grades 1, 7 and 11 from March 26 to May 31, the Department of Education said......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2021

UK records 6,238 new COVID-19 cases, highest since March

The United Kingdom records the highest daily infections since March (Photo: EFE) Increase in COVID-19 cases in the UK, Even though half of all adults.....»»

Category: newsSource:  inquirerRelated NewsJun 4th, 2021

Christopher de Leon shares the 3 Ps that helped him survive COVID-19

Christopher de Leon is a tough COVID-19 survivor. He was among the first public figures who were reported to have contracted the deadly virus in March last year. The seasoned TV and movie actor has since learned valuable lessons in one of his life's scariest moments......»»

Category: newsSource:  philstarRelated NewsMay 31st, 2021

Death March survivor, symbol of unsung PH fighters, dies at 100

SAN FRANCISCO -- A San Francisco Bay Area man who survived the infamous 1942 Bataan Death March and symbolized the thousands of unheralded Filipinos who fought alongside American forces during World War II has died. He was 100. Read More........»»

Category: newsSource:  filipinoexpressRelated NewsMay 27th, 2021

Over 1M Filipinos fully vaccinated vs COVID-19 since March rollout

A total of 1,029,061 people have completed the two-dose regimen against COVID-19 as of May 25, Undersecretary Myrna Cabotaje said in a briefing......»»

Category: newsSource:  philstarRelated NewsMay 26th, 2021

Amandititita gets out of the mental health cabinet and introduces “Frágil”

Amandititita also sent a message to people who do not trust COVID vaccines. Photo: quartoscorro. On March 16, the Mexican singer-songwriter Amandita Open up the.....»»

Category: newsSource:  thedailyguardianRelated NewsMay 24th, 2021

Almost Paradise, the American TV series that is proudly Pinoy

The show, which first aired in the US in 2020 before its March 21 premiere in the Philippines, is the first American TV series to be filmed entirely in the country. Cebu’s picturesque beaches and majestic resorts figure prominently in the series, while plenty of local actors were cast in roles. Working behind the scenes, too, were even more Filipinos, from directors to production designer, director of photography, casting director and majority of the production staff and crew......»»

Category: entertainmentSource:  philstarRelated NewsMay 24th, 2021

PH jobless rate worst in emerging Asia

Despite an easing in the March unemployment rate, the Philippines remained the worst job market in emerging Asia with the biggest share of the unemployed to the labor force, a report of the state planning agency National Economic and Development Authority (Neda) showed. While the 7.1-percent jobless rate posted in March was the lowest since […] The post PH jobless rate worst in emerging Asia appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2021