Remittances, Drive vs. Corruption Key to Country’s Growth: Ayalas

FOR the Ayala brothers, high remittances from overseas Filipino workers and the government’s battle cry against corruption are important factors leading to the country’s growth.

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OFW Families Urged to Save, Invest More

The Bangko Sentral ng Pilipinas (BSP) is urging beneficiaries of remittances to channel the money sent home to the Philippines by their loved ones overseas for more productive uses such as savings and investments.

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OFW remittances up 5.4% to $1.56 B in Jan

Money sent home by overseas Filipino workers grew by 5.4 percent year-on-year in January, the slowest pace in two years and two months since November 2009 when money

MANILA, Philippines - Remittances from Filipinos abroad grew at a slower pace of 5.4 percent in January on the back of economic growth concerns in advanced economies led by the US as well as the sovereign debt crisis in Europe, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

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TESDA Chief Wants OFW Families to Multiply Remittance 10 Times Over

Technical Education and Skills Development Authority (TESDA) Director General, Secretary Joel Villanueva, calls on the families of Overseas Filipino Workers (OFWs) to enrol in TESDA’s entrepreneurship programs to augment the dollar remittances they receive regularly from family members working overseas.

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How Filipinos Abroad Keep the Philippines’s Economy Alive

LET us imagine the Philippines without its overseas Filipino workers (OFWs) and assume there are no temporary and permanent migrants and millions of Filipino families do not receive any remittance from abroad.

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OFW Remittances Seen Slowing in 2012

British banking giant Hong Kong and Shanghai Banking Corp. Ltd. (HSBC) sees a slower 5% growth in remittances from overseas Filipino workers (OFWs) due to external developments.

In a report, HSBC economist Trinh Nguyen said the growth of remittances from OFWs would slow down to about five percent this year from 6.9% last year.

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New Middle East Job Laws Threaten OFW Remittances

The World Bank warned in a report released yesterday that indigenization programs have raised concerns for future remittances from overseas workers.

The report pointed out, however, “While the indigenization may not affect remittances in the near term, they highlight the importance of destination country policy changes for the future sustainability of remittance flows to developing countries.”

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OFWs in Italy Learn More About SSS

Officials of Philippine pension fund Social Security System (SSS) recently went to Rome to inform more overseas Filipino workers about the benefits and services of being an SSS member.

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OFW Remittances Reach $11.4B From Jan-July

The Bangko Sentral ng Pilipinas (BSP) reported over the weekend that remittances sent to the Philippines by overseas Filipinos totalled $11.4 billion in the first seven months this year.

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7 Money Remittance, Money Transfer Tips for OFWs

One of the primary reasons of going abroad is to earn more and be able to send money to family members for various purposes. Since this money sending activity is a routine task overseas Filipino workers do, it pays to find a safe and cost effective way to remit money. Here are a few remittance tips to help OFWs make the most of their hard-earned money when sending them to families back home.

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