Wednesday, May 20, 2026
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Tag: remittances

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...

Remittances grew 3.1% to $2.56b in April

By Darwin G. Amojelar Filipinos working abroad sent more money back home in April 2024 compared to the same period last year, according to the...

PFDA vows to remit over P128m to Treasury on increased dividends

The Philippine Fisheries Development Authority (PFDA) will remit P128.4 million to the Treasury for 2023 pay-out in response to the Department of Finance’s (DOF)...

BankCom sees strong market potential for OFW remittances

Bank of Commerce (BankCom), a subsidiary of conglomerate San Miguel Corp. (SMC),expects a larger market potential for its “SIKAPPINOY Asenso” all-in-one remittance, saving, and...

Half a million OFWs returned home since 2015

Remittances remain resilient and continue to be a major engine of economic growth despite the return of about half a million overseas Filipino workers...

Remittances grew 2.7% to $2.8b in August

Money sent home by Filipinos working overseas increased 2.7 percent in August 2023 to $2.80 billion from $2.72 billion a year ago. It was the...

Remittances rose 2.7% in August

Money sent home by Filipinos working overseas rose 2.7 percent in August 2023 to $2.80 billion from $2.72 billion a year ago. It was the...

Israel-Hamas war seen to have little impact on remittances to the Philippines

An economist said on Monday that the war between Israel and Hamas will have little effect on remittances from Filipino workers in the Middle...

Remittances grew 2.6% to nearly $3b in July

Remittances grew 2.6 percent in July to $2.99 billion from $2.92 billion in the same month last year, latest data from the Bangko Sentral...

Remittances sustained growth in July

Remittances grew 2.6 percent in July 2023 to $2.99 billion from $2.92 billion in the same month last year, latest data from the Bangko...

Remittances hit six-month high of $2.81b in June

Remittances reached a six-month high in June, driven partly by higher inflation that required the sending of more money by Filipinos working overseas to...

BMI warns against risks to Philippine remittances

Global inflation and peso depreciation against the US dollar may affect the sustained growth of remittances in the Philippines, BMI, a unit of Fitch...

BSP says remittances grew 3.1% to nearly $13b in first five months

Remittances rose for the 28th straight month, supporting the growth of household spending and the general economy amid the elevated inflation, data from the...

Peso climbs to 54.93 per US dollar on strong remittance inflows

The peso strengthened to a three-month high against the US dollar, amid the seasonal increase in remittances for tuition payments and other school-related expenses. The...
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