OFW MONEY. The Philippines is the third-biggest recipient of dollar remittances in the world. Photo from AFP

Filipino households' savings increased by 6.3% in 2012 -- reaching P909.8 billion and making it the prime savings driver in the economy. It's the 4th consecutive year when Filipino households became the primary savings driver. Bangko Sentral officials attribute this to sustained inflows from overseas Filipinos. Overall domestic savings -- households, government, non-financial corporations and financial corporations -- increased by 6.8% to P1.85 trillion this year.

Read the full story on Rappler