Friday, May 1, 2026
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Tag: remittances

Philippines growth model under strain from AI, structural hurdles

The Philippines’ growth model driven by remittances and business process outsourcing (BPO) is facing increasing strain, according to a new report from Oxford Economics...

PH stocks may trade sideways this week on US-Iran talks

The Philippine stock market may trade sideways this week as investors await fresh cues from ongoing peace talks between the United States and Iran. “Progressing...

Global oil crisis to widen Philippine balance of payments deficit

The Philippine balance of payments (BOP) will remain under pressure through 2027 as heightened geopolitical tensions and structural constraints drive a widening current account...

Business group urges manufacturing boost to counter global shocks

Federation of Philippine Industries (FPI) chairperson Elizabeth Lee urged the government to provide stronger support for the manufacturing sector as global economic shocks intensify,...

The Mideast crisis and its impact on the PH

The current tension in the Middle East will impact on the Philippine economy in 2026 in three ways, according to experts: (1) oil prices...

BSP monitors Middle East conflict impact on inflation and economy

The Bangko Sentral ng Pilipinas (BSP) is closely monitoring the impact of the Middle East conflict on Philippine inflation and the economy ahead of...

Gov’t tracking how OFW remittances affected by Middle East tension

President Ferdinand "Bongbong" Marcos Jr. said the government is closely monitoring the potential impact of escalating tensions in the Middle East on remittances from...

November remittances up 3.6%

Money sent home by overseas Filipinos (OFWs) grew 3.61 percent year-on-year to $2.91 billion in November 2025, a six-month low since remittances hit its...

OFWs grew 1.5% to 2.19 million in 2024

The number of overseas Filipino workers (OFWs) grew 1.5 percent to 2.19 million in 2024 from 2.16 million the previous year, with Asia remaining...

Remittance growth steady, rose 3.2% in first nine months of 2025

Cash remittances from overseas Filipinos (OF) rose 3.2 percent to $26.03 billion in the first nine months of 2025 from $25.23 billion recorded in...

Coins.ph, BCRemit team up to cut remittance costs for Filipinos abroad

Coins.ph, the Philippines' largest crypto exchange, has teamed up with global remittance provider BCRemit to launch a stablecoin-powered payment corridor to provide faster and...

Philippine cash remittances rise to nearly $3 billion in August

Cash remittances from overseas Filipinos (OF) rose 3.2 percent to $2.98 billion in August 2025 from $2.89 billion in August 2024, the Bangko Sentral...

PLDT Global, Pluxee team up to allow overseas Filipinos to send gifts digitally

PLDT Global Corp. has teamed up with Pluxee Philippines to allow millions of overseas Filipino workers (OFWs) to send gifts and essentials via TinBo...

BSP warns of continuous BOP deficit in next two years

The Bangko Sentral ng Pilipinas (BSP) warned on Wednesday the country's balance of payments (BOP) would remain in deficit over the next two years...
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