cash remittances - updates

Rappler's latest stories on cash remittances


Banks urged to post remittance charges online for OFWs

Dec 21, 2018 - 4:39 PM

ACTS-OFW party-list group cites World Bank Remittance Prices report that shows banks remain the most expensive means to send cash to the Philippines

TRANSPARENCY. ACTS-OFW party-list urges banks to post remittance rates. Shutterstock photo

Cash remittance of Filipino seafarers may exceed $6B this year – lawmaker

Jun 25, 2018 - 9:40 PM

'We expect the enlistment of Filipino sailors to increase along with international ship traffic, as the global economy continues to expand,' says ACTS-OFW Representative Aniceto 'John' Bertiz

OFW cash remittances start 2018 strong at $2.37 billion

Mar 15, 2018 - 6:30 PM

Cash remittances or those channeled through banks are up 9.7% from January last year, while personal remittances are also up by 10.8% to $2.65 billion

PH remittances beat gov't target, hit record in 2017

Feb 15, 2018 - 6:25 PM

Cash remittances of overseas Filipinos grow by 4.3% to $28.06 billion, while personal remittances grow by 5.3% to $31.29 billion, surpassing the government target of 4%

Philippine remittances for November 2017 grow by only 2%

Jan 15, 2018 - 8:25 PM

The slowdown in growth could be traced to base effects, as the Philippines recorded an 'unusually high' growth in remittances in November 2016

Remittances drop by 8.3% in September amid Saudi repatriation

Nov 15, 2017 - 9:30 PM

Despite this, total cash remittances for January to September 2017 are still up 3.8% to $20.78 billion

PH remittances for August rise fastest in 5 months

Oct 16, 2017 - 2:50 PM

Cash remittances – money sent through banks and transfer agents – grow by 7.8% to $2.5 billion in August 2017

How can we ensure onsite protection for OFWs?

Sep 02, 2017 - 4:14 PM

One suggestion is to leverage the demand for Filipino migrant workers when going into multilateral or bilateral negotiations with host governments

MIGRATION. In this file photo, hundreds of Filipinos line up at a Philippine Overseas Employment Administration (POEA) where they will register to go overseas to work for better pay in Manila on August 5, 2010. Photo by Jay Directo/AFP

OFW cash remittances rebound to hit $2.31B in May

Jul 17, 2017 - 9:00 PM

Total cash remittances are up 4 5 for the first 5 months of the year totaling 11 346 billion

OFW cash remittances at 15-month low in April

Jun 15, 2017 - 6:20 PM

This is the lowest level cash remittances have totaled since registering 1 997 billion in January 2016

OFW cash remittances up 10.7% in March

May 15, 2017 - 11:20 PM

Total cash remittance flows for the 1st quarter of 2017 reach 6 953 billion up 7 7

OFW cash remittances hit $2.169B in February

Apr 17, 2017 - 7:00 PM

Remittance flows for the first two months of the year stand at 4 338 billion up by 5 9 compared to the same period last year

#ThewRap: Things you need to know, March 23, 2017

Mar 23, 2017 - 11:08 AM

Hello Here are the stories you shouldn t miss this Thursday

OFW cash remittances hit $2.169B to start off 2017

Mar 15, 2017 - 8:40 PM

The amount is up 8 6 year on year but down from the Christmas driven 2 559 billion seen in December 2016

OFW remittances beat expectations in 2016 to hit $29.7B

Feb 15, 2017 - 9:10 PM

Data from the Bangko Sentral ng Pilipinas show that remittances from the Middle East were the biggest gainer increasing by 12 7

Economists expect growth in OFW remittances to slow down

Oct 18, 2016 - 8:00 PM

For the BSP s Diwa Guinigundo it is very difficult to determine the cause of the higher than expected remittance level in August since there are no concrete data

FASTEST PACE. Economists expect the growth in cash remittances to ease in the coming months. Rappler graphic

OFW remittances see highest growth in over two years

Oct 17, 2016 - 9:35 PM

The growth in August remittances was due to the school year shift which forced the migration of money transfers says an associate economist from BPI

HIGHEST. This is the highest growth since March 2014’s 16.9%, and a rebound from a 5.4% decline in July 2016. Graphic by Emil Mercado

OFW remittances down 5.4% in July

Sep 15, 2016 - 8:05 PM

Despite the July drop personal remittances from overseas Filipino workers are up 2 9 for 2016 so far

OFW remittances hit $2.7 billion in March 2016

May 16, 2016 - 8:00 PM

Meanwhile remittances for the first quarter of the year reach 7 2 billion – higher than the same period last year

OFW remittances grow, hit $2.3B in February

Apr 15, 2016 - 7:00 PM

Remittance flow is higher by 6 1 so far in 2016 says the Bangko Sentral ng Pilipinas

BSP lowers 2015 remittance growth target

Dec 21, 2015 - 11:51 AM

The growth of cash sent home by Filipinos to their loved ones in the Philippines is down to 4 slightly lower than the earlier projection of 5

REVISED PROJECTION. Cash remittances grew only by 3.7% to $20.64 billion from January to October this year compared to $19.91 billion in the same period in 2014.

Remittances grow 4.3% in September after August setback

Nov 16, 2015 - 8:58 PM

Cash sent home by Filipinos abroad grew 4 3 to 2 2 billion in September

Remittances hit $12.08B, highest in June

Aug 17, 2015 - 7:45 PM

Cash sent home by overseas Filipinos in June grew 6 1 to 2 18 billion – the highest since December when Filipinos abroad sent home 2 32 billion to their families