remittances - updates

Rappler's latest stories on remittances

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Overseas Filipino remittances rise to $13.7 billion in January-May 2019

Jul 15, 2019 - 7:50 PM

The United States registers the highest share of overall remittances in the first 5 months of 2019 at 36%

Filipino sailors remitted over $1 billion in January-February 2019

Apr 20, 2019 - 4:18 PM

For the entire 2018, Filipino seafarers wired home a total of P317 billion through bank channels

Photo from Shutterstock

Pinoy sailors send home record $6.1B in 2018

Mar 03, 2019 - 11:00 AM

Money sent home by Filipino sailors account for about 19% of all remittances of overseas Filipino workers in 2018

MORE REMITTANCES. Filipino sailors manning the forecastle of a container ship in Bilbao, Spain. Photo by Joachim Affeldt/Shutterstock

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

OFW remittances slow down in January-July 2018

Sep 17, 2018 - 8:00 PM

Overseas Filipino workers send a total of $18.5 billion from January to July this year

Hyperinflation, OFW remittances, Trump - Putin | Midday wRap

Jul 17, 2018 - 2:17 PM

Watch Rappler’s midday newscast with Margie de Leon

OFW remittances rise in May 2018

Jul 16, 2018 - 7:35 PM

Overseas Filipino workers have sent $13.2 billion year-to-date, according to the Bangko Sentral ng Pilipinas

An overseas Filipina worker lines up at a remittance center in Lucky Plaza. A lot of overseas Filipino workers send money to the families they support back home. According to the 2014 Survey on Overseas Filipinos released by the Philippine Statistics Authority, 173.2 billion pesos was the total remittance sent by OFWs from April to September 2014.

Lawmaker urges banks to slash OFW remittance charges amid high inflation

Jul 07, 2018 - 1:05 PM

ACTS-OFW Representative Aniceto Bertiz III asks banks to cut charges on OFW remittances to 5%, from the current average of 10.57%

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

#ThewRap: Things you need to know, June 19, 2018

Jun 19, 2018 - 10:55 AM

Hello! Here's a roundup of news you need to know this Tuesday.

President Rodrigo Roa Duterte is accompanied by Foreign Affairs Secretary Alan Peter Cayetano upon his arrival at the Department Foreign Affairs (DFA) Building in Pasay City for the 120TH Anniversary celebration of DFA on June 18, 2018. VALERIE ESCALERA/PRESIDENTIAL PHOTO

OFW remittances hit $2.35 billion in April 2018

Jun 18, 2018 - 8:45 PM

The Bangko Sentral ng Pilipinas says remittances sent through banks grew by 12.7% year-on-year, but were lower by 0.4% from March 2018

Philippines posts sharpest drop in remittances in 15 years

May 15, 2018 - 7:16 PM

This comes on the heels of the repatriation of overseas Filipino workers from Middle East countries

Images from Shutterstock

Philippine remittances growth slows down in February

Apr 16, 2018 - 4:00 PM

Cash remittances, or remittances formally channeled through banks, register $2.27 billion in February 2018, representing 4.5% year-on-year growth from the same month a year ago

OF REMITTANCES. Cash remittances from land-based workers and sea-based workers increased by 6.4% and 9.8%, respectively, data from BSP showed. Photo by LeAnne Jazul/Rappler

[OPINION] It's time for more fintech in the Philippines

Apr 01, 2018 - 6:47 PM

Competition and innovation in finance are powerful forces for change and have the potential to benefit people across Southeast Asia

Bank lending, liquidity both up in February

Mar 28, 2018 - 5:25 PM

Bank loans expand by 19.5% in February, pushing domestic liquidity to an estimated P10.7 trillion for the month, according to the Bangko Sentral ng Pilipinas

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%

#ThewRap: Things you need to know, January 16, 2018

Jan 16, 2018 - 9:56 AM

Hello! Here are the stories you shouldn't miss this Tuesday.

UNDER ATTACK. This photo illustration shows a woman reading the website of online news portal Rappler in Manila on January 15, 2018. Ted Aljibe/AFP

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

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

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Jul 05, 2016 - 9:50 PM

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