OFW

Wed, Dec 23 2009
BSP eyes $4.9-billion BOP surplus this year

BSP eyes $4.9-billion BOP surplus this year

Also in: Business Headlines, Investments

Robust remittances from Filipino workers abroad, higher government borrowings and strong foreign portfolio investment inflows will more than offset foreign currencies paid out by the Philippines this,... 

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Fri, Dec 18 2009
OFW inflows seen to grow 7-9% in 2010

OFW inflows seen to grow 7-9% in 2010

Also in: Business Headlines

MANILA, Philippines – London-based Capital Economics Ltd. is projecting that the amount of money sent home by Filipinos abroad will grow by seven to nine percent next year on the back of the global... 

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Thu, Dec 17 2009
2009 and 2010 economic growth targets achievable, says gov’t

2009 and 2010 economic growth targets achievable, says gov’t

Also in: Business Headlines

The government remains confident of meeting economic targets this year and in 2010 on the back of robust dollar remittances from Filipino workers abroad and increased spending during the election period.... 

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Wed, Dec 16 2009
RP seen to grow 4.8% in 2010

RP seen to grow 4.8% in 2010

Also in: Business Headlines

MANILA, Philippines – Singapore-based DBS Bank Ltd. sees the economy growing faster at 4.8 percent next year from the scaled down rate of one percent on the back of strong consumption brought about... 

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Tue, Dec 15 2009
OFW inflows hit new high of $1.53 billion in October

OFW inflows hit new high of $1.53 billion in October

Also in: Business Headlines

MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) went up by 6.7 percent to $1.53 billion in October, the highest monthly remittance level recorded so far, the Bangko Sentral... 

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Tue, Jul 14 2009
Remittances to rise in May as new workers find jobs abroad

Remittances to rise in May as new workers find jobs abroad

Also in: Business Headlines

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... 

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Sun, Jun 14 2009
BSP notes growing investments by OFWs

BSP notes growing investments by OFWs

Also in: Business Headlines, Investments

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... 

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Sun, May 3 2009
POEA: 100,000 jobs await OFWs

POEA: 100,000 jobs await OFWs

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... 

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Wed, Apr 1 2009
Economist Kelly Bird: 4.3-M Filipinos poor without remittances

Economist Kelly Bird: 4.3-M Filipinos poor without remittances

Also in: Business Headlines

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... 

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Mon, Mar 16 2009
3 kidnapped Filipino seamen freed in Nigeria

3 kidnapped Filipino seamen freed in Nigeria

Also in: Peace and Order

The three Filipino and one Ukranian seamen kidnapped by pirates in Nigeria Saturday were released the same day and are safe, Vice President Noli de Castro, who is also presidential adviser on overseas... 

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