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Personal remittances for July 2022 reach $3.24 billion, while those for first 7 months of the year reach $20.33 billion (Eagle News) – The Bangko Sentral ng Pilipinas reported higher personal remittances from overseas Filipinas (OFs) for the first seven months of the year at US$20.33 billion, and for July 2022 at $3.24 billion. The cumulative personal remittances from January to July this year were higher by 2.7 percent compared to the same period […]
(Eagle News)–The Department of Transportation and its attached agencies have recently turned over P80 billion in dividends and remittances from revenues to the national treasury. Of the amount, the DOTr said the P50.7 billion represent dividends from 2017 to 2020 and P29.3 billion in remittances from revenues for 2019. In a statement, the DOTr said of the P50.7 billion, P10.1 billion were from 2017, P12.2 billion from 2018, P11.1 billion from 2019, and P17.3 billion […]
(Eagle News) — Tumaas ang personal remittances ng Overseas Filipino Workers noong buwan ng Nobyembre 2018. Batay sa data na Inilabas ng Bangko Sentral ng Pilipinas (BSP), ang personal remittances o perang ipinadala sa pamamagitan ng cash o in kind ay lumago ng 2.4 percent. 2.8 percent naman ang itinaas sa mga perang ipinadala sa pamamagitan ng bangko. Ayon sa BSP, ang paglago sa personal remittances sa unang labing-isang buwan ng 2018 ay dahil sa […]
WASHINGTON, United States — Payments from immigrants back to their home countries, including the Philippines, rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances — payments that are key to supporting the economies of many poor countries — was driven by growth in Europe, Russia and the United States, the World Bank said in a report. The bank estimates that […]
The Philippine economy should continue to grow robustly in the short term despite threats, Moody’s Investors Service said. In a report, the credit ratings agency said the “re-emergence of conflict in the southern Philippines, as well as the Duterte administration’s focus on the eradication of illegal drugs,” are an “unlikely risk of a deterioration in economic performance and institutional strength” despite them being “rising” threats. According to Moody’s, sound economic and fiscal policies including a focus […]
The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday. “I am pleased to inform you that we remain as one of the best-performing economies in Asia,” Economic Planning Secretary Ernesto Pernia said in a speech to announce gross domestic product growth for the second quarter. “We are well on track to meeting our full-year target growth of 6.5-7.5 percent,” he […]
