remittances
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BPI ties up with WorldRemit to target OFW remittances

Sep 12, 2017 - 8:15 PM

The partnership with the UK based firm allows BPI to expand its international fund transfer service offerings

Globe's GCash partners with Hong Kong-based EMQ for remittances

Sep 04, 2017 - 8:50 PM

With the partnership EMQ users can now send funds to GCash account holders

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

How to keep your family's finances secure while you're away

Jun 20, 2017 - 12:58 PM

It’s more than just leaving an emergency stash of money behind

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

#ThewRap: Things you need to know, February 14, 2017

Feb 14, 2017 - 11:37 AM

Hello Here s a round up of news you need to know this Tuesday

Filipinos from these countries remit more money for Valentine’s Day

Feb 13, 2017 - 5:22 PM

For Valentine s Day these overseas Filipinos send to their relatives in the Philippines 12 5 to 32 5 more than usual

Ex-Postmaster General Josie dela Cruz posts bail

Feb 09, 2017 - 8:00 PM

The Sandiganbayan 7th Division orders Dela Cruz s arrest over her failure to remit a PhilPost employee s loan payments to the GSIS

Josefina dela Cruz, former Postmaster General and CEO of Philpost. Photo from the Philippine Deposit Insurance Corporation

Due to Trump? Filipinos in U.S. sending more money home

Jan 17, 2017 - 7:04 PM

Anticipated protectionist policies in the US the peso depreciation and other factors cause the spike in remittances to the Philippines

OF REMITTANCES. Although the impact could be minimal, economists say the spike in remittances possibly responds to Trump's protectionist campaign promises

Gov't shortchanged? PCSO imposes up to P300M monthly bond on STL operators

Jan 17, 2017 - 3:31 PM

The Philippine Charity Sweepstakes Office starts collecting bonds February 1

#ThewRap: Things you need to know, January 17, 2017

Jan 17, 2017 - 12:01 PM

Hello Here s a round up of news you need to know this Tuesday

Remittance growth in November fastest in 8 years

Jan 16, 2017 - 7:58 PM

Bulk of the cash remittances came from the US Saudia Arabia UAE Singapore the UK among others

FASTEST PACE. Remittances from OFs spike by 18.5% to $2.22 billion in November, the fastest growth since July 2008 and a rebound from the 2.8% decline posted in October 2016. Rappler graphics

Ex-PhilPost chief charged for not remitting employee's loan payment

Jan 09, 2017 - 8:30 PM

Former Postmaster General Josefina dela Cruz earlier said they had to prioritize salaries and operating expenses over the remittance of GSIS loan payments since they had insufficient funds

Philippine peso ends week-long losing streak

Nov 26, 2016 - 9:00 AM

The peso closes at P49 84 to 1 a day after it briefly breached the P50 to a dollar level

5 ways a Trump presidency could affect Filipinos

Nov 12, 2016 - 12:45 PM

Donald Trump’s presidency sets the stage for future and potentially lasting economic hardships for Filipinos across the globe

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

Duterte vs De Lima, PH economy, Olympics | 6PM wRap

Aug 18, 2016 - 7:42 PM

Watch the 6PM wRap with Maria Ressa

Philippines GDP grows 7% in Q2 2016

Aug 18, 2016 - 10:10 AM

5th UPDATE Among the major Asian emerging economies the Philippines likely remains the fastest or second fastest growing economy in Q2 2016 followed by China says Socioeconomic Planning Secretary Ernesto Pernia

BDO ATMs, other services offline early Thursday, August 18

Aug 17, 2016 - 4:00 PM

The banking services will be unavailable as BDO will perform maintenance work

(L)Earning Wealth: A book with social agenda

Aug 13, 2016 - 1:21 PM

Need help in learning how to manage your money? This book shows readers how

Are you an OFW? Here are bad spending habits you need to break

Jul 05, 2016 - 9:50 PM

Know how to set financial goals manage your income and borrow money wisely

Brexit's direct effect on PH 'not substantial' – NEDA

Jun 28, 2016 - 6:20 PM

From trade to tourism direct Philippine exposure to the United Kingdom s economy is minimal

TIMELINE: Aquino's love-hate relationship with OFWs

Jun 21, 2016 - 9:10 PM

Let s take a look at some of the key OFW issues during the Aquino administration and how the government handled it

Moro Convention, Cavs’ NBA title, peso vs dollar | 12PM wRap

Jun 20, 2016 - 12:20 PM

Watch Rappler’s 12PM newscast with Maria Ressa

BSP cancels registration of PhilRem, Werquick, Peso Remittance

Jun 01, 2016 - 5:45 PM

The cancellation stems from PhilRem s role in the elaborately planned 81 million Bangladesh Bank heist

'CLEANING HOUSE'. PhilRem owners Salud Bautista (C) and Michael Bautista (R) did not attend the last Senate hearing on the Bangladesh Bank money laundering scam. File photo by Alecs Ongcal/Rappler

'Emotions preventing OFWs from financial success'

May 29, 2016 - 8:15 PM

A financial expert says many overseas Filipino workers send most of their earnings to their families – and fail to save for themselves – because they feel emotions such as guilt and shame

BETTER BUDGETING. Around 60 overseas Filipino workers in Hong Kong participate in a financial literacy training by SEDPI and the Ateneo School of Government. Photo by David Lozada/ Rappler

PH GDP grows 6.9% Q1 2016

May 19, 2016 - 10:05 AM

3rd UPDATE This makes the Philippines the fastest growing economy in the region ahead of regional giant China

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

BIR files P35.61M tax evasion complaint vs PhilRem

Apr 21, 2016 - 6:00 PM

The Bureau of Internal Revenue says PhilRem the remittance company linked to the Bangladesh Bank fund heist did not pay the correct taxes from 2005 to 2014

Photo by Alecs Ongcal/Rappler

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

Italy cracks down on Philippine remittance agencies

Mar 31, 2016 - 6:13 PM

UPDATED In December 2014 RCBC s remittance company in Italy faced a hefty fine of 74 445 10 for its failure to comply with the country’s stringent anti money laundering enforcement

DISASTROUS. Finance Secretary Cesar Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double.

DOF fears closure of remittance shops abroad amid $81M heist

Mar 30, 2016 - 11:32 PM

A recruitment and migration expert says he was told by Task Force OFW in Italy that RCBC and BPI closed their remittance shops in Rome and Milan early 2016

DISASTROUS. DOF's Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double

Western Union to launch remittance services to Cuba

Mar 22, 2016 - 12:55 PM

The American company s decision comes as US President Barack Obama visits Cuba – a landmark trip

An image showing the company logo of Western Union money transfer, Frankfurt, Germany, 24 July 2008. EPA/MAURITZ ANTIN

OFW remittances rise to $2.2B in January 2016

Mar 15, 2016 - 9:08 PM

Despite concerns in the Middle East remittances remain resilient on the back of sustained demand says the Bangko Sentral ng Pilipinas

Philippine firms less optimistic about Q1 prospects

Feb 26, 2016 - 6:15 PM

The latest Business Expectations Survey shows business sentiment is more upbeat in the second quarter of 2016

LESS OPTIMISTIC. The sentiment of Philippine businesses mirrors those in the UK, Germany, China, and Korea, but is in contrast to those in the US, Canada, France, Netherlands, and Russia. Photo by Pat Nabong/Rappler

OFW remittances in December hit record high at $2.7B

Feb 20, 2016 - 10:30 AM

Although potential layoffs threaten the Saudi labor market OFW remittances last December surge by 4 9

RECORD HIGH. The continued deployment of skilled OFWs remains a key factor to the growth in remittance inflows, BSP says

PhilHealth introduces hassle-free premium payment channels

Feb 19, 2016 - 5:48 PM

PRESS RELEASE: PhilHealth introduces better ways of making premium payment transactions hassle free for its members

PH peso could hit P49 vs dollar – Standard Chartered

Jan 28, 2016 - 6:55 PM

Remittances from Filipinos working abroad are expected to slow down

Philippines gets credit rating upgrade from NICE

Jan 23, 2016 - 9:54 AM

With this latest credit rating action from NICE Fitch Ratings remains the only agency that assigns the minimum investment grade to the Philippines

UP A NOTCH. The upgrade anchors on improved government transparency and enhanced environment backed by expanded infrastructure

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 flat in October

Dec 15, 2015 - 7:30 PM

Cash remittances sent by Overseas Filipinos are slightly up to 3 7 in the first 10 months of 2015 BSP says

UNCHANGED. BSP Governor Amando Tetangco Jr. says the amount of cash remitted by overseas Filipinos was almost unchanged at $2.23 billion in October from $2.29 billion in the same month last year.

Business sentiment hits 2-year high – BSP

Dec 04, 2015 - 8:16 PM

PH’s hosting of the APEC Leaders’ Meeting in November results in expectation of brisker business a survey shows