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PHL remittances to drop 9.7% in second half — ANZ Research

REMITTANCES are expected to decline 9.7% year on year in the second half on the back of weaker-than-usual December inflows, according to ANZ Research.

Cash remittances drop anew in Aug.

CASH REMITTANCES sent by Filipino workers abroad declined in August after two straight months of recovery, as inflows from the Middle East and Japan fell amid the coronavirus pandemic. 

Remittances slump may continue through 2021 as OFWs face layoffs

CASH REMITTANCES may continue to decline through 2021, as more overseas Filipino workers (OFWs) are expected to lose their jobs.

Cash remittances hit 7-month high in July

CASH REMITTANCES reached a seven-month high in July, as land-based overseas Filipino workers (OFW) continued to support their families during the coronavirus disease 2019 (COVID-19) pandemic.

Cash remittances rebound in June

By Luz Wendy T. Noble, Reporter CASH REMITTANCES rebounded in June, as land-based overseas Filipino workers (OFWs) sent more money home as lockdown restrictions eased,...

Remittances plunge by 19% in May

REMITTANCES plunged by 19% in May as overseas Filipino workers (OFWs) face salary cuts and layoffs as the coronavirus disease 2019 (COVID-19) pandemic continues to ravage economies around the world.

Remittances seen to fall up to 10%

CASH REMITTANCE inflows to the Philippines may decline by up to 10% this year as source countries feel deepening economic pain from the pandemic, Moody’s Investors Service said.

Remittances may fall by 10% this year

CASH sent home by overseas Filipino workers (OFWs) could drop by as much as 10% this year, as massive layoffs and wage cuts are seen around the world, the Institute of International Finance (IIF) said.

Global remittances may still grow; limited virus toll on some nations

GLOBAL REMITTANCE inflows could still grow this year, although some countries and sectors may see some impact from the pandemic, UniTeller said.

Remittances to drop this year — BSP

CASH REMITTANCES are expected to decline this year, as Filipinos living and working abroad face massive layoffs due to the coronavirus-led global economic slowdown.

A consumption-driven economy

Consumer spending has traditionally been the driving force behind the growth of the Philippine economy in recent years, with households contributing majority of aggregate...

Cash remittances up in 1st half despite June fall amid smaller...

CASH remittances slipped to a two-month low in June due to smaller flows from the Middle East, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.

April remittances post fastest growth in over a year

OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday.

BPO sector: An economic pillar

The Department of Trade and Industry (DTI) defines business process outsourcing (BPO) as the “delegation of service-type business processes to a third-party service provider.”...

Remittance growth slows in February

Overseas Filipino workers (OFWs) sent more money home in February although at a slower pace from the previous month, the central bank reported on...

Disruptions in the local property sector

By Bjorn Biel M. Beltran, Special Features Writer One of the most talked-about phenomena happening in the world of business right now is disruption. Times are...

HSBC sees faster growth in remittances this year

Cash remittances are expected to grow faster this year as overseas Filipino workers (OFWs) will likely take advantage of a weaker peso to send...

Sept. remittances smaller; year-to-date flows up

By Melissa Luz T. Lopez Senior Reporter MONEY SENT HOME by Filipinos abroad dropped in September to a five-month low as Saudi Arabia sent more overseas...

Aug. remittances bare spending support

By Melissa Luz T. Lopez Senior Reporter REMITTANCES hit a five-month high in August, according to data the Bangko Sentral ng Pilipinas (BSP) released yesterday, shoring...

Philippine current account swings to a surplus in Q2

By Elijah Joseph C. Tubayan, Reporter THE PHILIPPINE’s current account swung to a surplus in the second quarter, lifted by dollar inflows mainly from business...

Overseas Filipino's cash remittances

MONEY SENT HOME by overseas Filipino workers (OFWs) continued to grow in January, sustaining the trend of above $2 billion in monthly inflows in...

MoneyGram renews endorsement contract with action star

MONEYGRAM, a global money transfer company, has renewed its contract with actor Robin Padilla as its global ambassador in line with the brand’s continuous...