Tags Posts tagged with "Remittances"

Remittances

Philippines Could Lose $1.5 Billion In Remittances From Cash-strapped Gulf States

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Around 80,000 to 100,000 jobs for Oversea Filipino Workers, or OFWs, among them 30,000 household service workers, could be lost due to the precarious...
Philippine inflation could rise to 7%, only lagging Myanmar’s in ASEAN

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Filipinos are increasingly forced to tighten their belts in the wake of a continued high inflation rate which reached 6.4 per cent in August...
Filipinos banned from working in Kuwait, over 2,000 desperate to go home

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The Philippine government on February 12 signed an administrative order to completely ban the deployment of Oversea Filipino Workers (OFWs) to Kuwait, according to...
Philippines eyes new, cheaper cash remittance channel for OFWs

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The Philippine government is looking for solutions to provide cheaper and more convenient remittance channels for its Overseas Filipino Workers (OFWs). Particularly, technology developed...
Philippine GDP growth expected to slow down

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The pace of economic expansion in the Philippines would further ease over the coming two years after peaking at a whopping seven per cent...
Philippines retains rank among world’s fastest growing economies

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The Philippine economy grew 6.9 per cent in the third quarter, exceeding all analyst estimates and cementing its position as one of the fastest-expanding...
Finally, Overseas Filipinos get their own bank

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A new bank created by orders of Philippine President Rodrigo Duterte is about to handle financial affairs of approximately ten million Overseas Filipino Workers...
New Bitcoin rules in the Philippines to make remittances easier

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The Philippine central bank approved new rules and regulations governing the operation of virtual currency exchanges, including those for the most widely used cryptocurrency...
Philippines starts worrying about Trump’s protectionism

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Businesses in the Philippines are getting increasingly worried about the economic isolationism of US President Donald Trump as the country's main growth engines, business...
Cambodian workers, maids to seek greener pastures in Saudi Arabia

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Cambodia and Saudi Arabia signed a memorandum of understanding on February 11 to create a framework for sending labourers and household helpers to Saudi...
Philippines prepares to get hit by “economic bomb” in Middle East

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Philippine President Benigno Aquino III held an emergency meeting with cabinet members and officials of the country’s Department of Foreign Affairs on January 6...
Indonesia to miss out on $2bn in remittances after Mideast maids ban

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The decision of the Indonesian government to stop allowing maids and other low-skilled labourers to take on jobs in the Middle East and North...
Slowing remittance growth from Filipino workers cause for concern

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Slowing growth of remittances sent by Overseas Filipino Workers (OFWs) to their home country have alerted economists that there might be a sustained weakness...
Thailand’s Kasikorn Bank set for expansion into Myanmar

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Thailand-based Kasikorn Bank is planning to launch its branches in Myanmar, according to a statement by the bank. Nuttaphong Visitkichakarn, an official from the...
Philippines: Western Union opens banking channel

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Global payment service provider Western Union Company is expanding into the Philippines’s bank channel paving the way for international direct-to-bank remittances in minutes to...
Foreign workers in Malaysia sent home $6.1b in 2012

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Overseas remittance by foreign workers in Malaysia amounted to $6.1 billion in 2012, said Deputy Finance Minister Ahmad Maslan according to local media reports....
Remittances to Vietnam hit new record

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Vietnam is forecast to receive between $4.5 billion and $4.8 billion worth of overseas remittances in 2013, significantly more than the $4.1 billion in...
Filipinos’ remittances to keep positive trend

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Remittances from Overseas Filipino Workers (OWF) remained strong during the first quarter of 2013. The Philippines Central Bank forecasts a solid 5 per cent annual increase in remittances volume for the full year.