Remittances

Oversea Filipino Workers, or OFW, sent home a record high of remittances through banking channels of $31.4 billion last year despite the prolonged Covid-19...

Money transfers back into Cambodia from nationals working abroad improved in 2021 after a Covid-19 induced slump in the previous year, with around 1.3...

The Philippine government is bracing for the return of an expected 300,000 Overseas Filipino Workers (OFWs) who...

Remittances of overseas Lao workers to their home country are projected to decline by about 50 per...

The Philippine government expects more than 70,000 Overseas Filipino Workers (OFW) to have lost their job so...

Remittances from Overseas Philippine Workers, which amounted to $33.5 billion last year, or roughly ten per cent...

The economic fallout of the coronavirus crisis could hit the Philippines drastically because the country relies heavily...

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...

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...

The Philippine government on February 12 signed an administrative order to completely ban the deployment of Oversea Filipino Workers (OFWs) to Kuwait, according to...

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

The pace of economic expansion in the Philippines would further ease over the coming two years after peaking at a whopping seven per cent...

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...

A new bank created by orders of Philippine President Rodrigo Duterte is about to handle financial affairs of approximately ten million Overseas Filipino Workers...

The Philippine central bank approved new rules and regulations governing the operation of virtual currency exchanges, including those for the most widely used cryptocurrency...

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...

Cambodia and Saudi Arabia signed a memorandum of understanding on February 11 to create a framework for sending labourers and household helpers to Saudi...

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...