Saturday, May 9, 2026
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Tag: remittances

Philippines’ cash remittances hit seven-month high in July 2025

Cash remittances to the Philippines rose to a seven-month high in July 2025, growing 3.0 percent from a year earlier to $3.18 billion, data...

Philippines incurred $5.8 billion BOP deficit in seven months

The Philippines' balance of payments (BOP) shifted to a $167-million deficit in July 2025 from a $62-million surplus a year ago, the Bangko Sentral...

Visa, RCBC launch Visa Direct to boost Philippine global money transfers

Visa, a global leader in digital payments, has partnered with Rizal Commercial Banking Corp. (RCBC), one of the largest universal banks in the Philippines,...

US tax to cut Philippine remittances by 0.05% of GDP

A 1-percent tax on remittances from the United States is expected to have minimal effects in developing Asia, including the Philippines, the Asian Development...

Remittances to the Philippines rose 2.9% to $2.7 billion in May 2025

Cash remittances to the Philippines continued to grow in May 2025, with funds from sea-based overseas Filipinos (OFs) increasing at a faster pace than...

OFW remittances remain stable amid Israel-Iran conflict — Malacañang

The ongoing conflict between Israel and Iran has yet to significantly impact overseas Filipino worker (OFW) remittances, but the Philippine government remains on alert...

OceanaGold PH contributed P28b to gov’t since 2012

OceanaGold (Philippines) Inc. (OGP) has contributed approximately P28 billion to the Philippine government since 2012 through taxes, remittances and community development funding, highlighting the...

BCDA remits P5.21b to national gov’t

The Bases Conversion and Development Authority (BCDA) said it remitted P5.21 billion to the national government as of mid-May 2025, including remittances to the...

OFW remittances climbed to $3.13b in March–BSP

Overseas Filipino workers sent home $3.13 billion in personal remittances in March 2025, a 2.6 percent increase from the $3.05 billion recorded in March...

Blind zeal

There is no telling what people could be capable of doing when they are overcome by emotions, blinded by hero worship, or driven by...

GCash ensures secure remittances from US

Mobile wallet GCash said it reinforced its commitment to protect users through cutting-edge cybersecurity measures and fraud protection programs. After launching its services in the...

Cash remittances sustained growth, hit $2.9b in August

Cash remittances, or money sent home by land-based and sea-based overseas Filipino workers (OFWs) through the banking system, reached $2.89 billion in August 2024,...

June remittances grew 2.5% to hit 6-month high

Cash remittances sent home by millions of Filipinos working overseas reached a six-month high in June 2024, helping boost household spending in the country. The...

Economist says Fed rate hikes, inflation could drag OFW remittances

Expectations for more hikes in the Federal Reserve’s key rates along with higher inflation overseas are seen to limit inflows of money being sent...
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