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April remittances post fastest growth in over a year

OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday.

Remittance growth slows in February

Overseas Filipino workers (OFWs) sent more money home in February although at a slower pace from the previous month, the central bank reported on...

Remittance increase slows in November

By Melissa Luz T. Lopez Senior Reporter CASH REMITTANCES increased annually for a second straight month in November last year but at a slower pace, the...

OFW remittance growth may have slowed in Nov.

By Melissa Luz T. Lopez, Senior Reporter REMITTANCES from overseas Filipino workers (OFWs) likely grew at a slower pace in November ahead of an expected...

Digital remittance firms looking to expand PHL presence

DIGITAL REMITTANCE companies have set their sights on expanding their presence in the Philippines, with the country being one of their key markets in...

Remittances rise to $2.27B in October

By Melissa Luz T. Lopez, Senior Reporter CASH remittances recovered in October to a two-month high, the central bank reported on Friday, as overseas Filipino...

Sept. remittances smaller; year-to-date flows up

By Melissa Luz T. Lopez Senior Reporter MONEY SENT HOME by Filipinos abroad dropped in September to a five-month low as Saudi Arabia sent more overseas...

Duterte puts security risks front and center

PRESIDENT Rodrigo R. Duterte, representing the chair this year of the Association of Southeast Asian Nations (ASEAN), yesterday set the stage for the bloc’s...

Western Union expands network

By Melissa Luz T. Lopez, Senior Reporter WESTERN UNION has broadened its retail expansion through branches of LBC Express, Inc., as the global money transfer firm rides...

Current account to end in surplus on recovery of exports, imports

By Melissa Luz T. Lopez, Senior Reporter THE PHILIPPINES could see its current account return to a modest surplus on the back of expectations that external...

Postbank conversion up for President’s OK

THE CONVERSION of the state-run Philippine Postal Savings Bank (Postbank) to a bank specialized for overseas Filipinos is currently awaiting the President’s approval, the...

July remittances rise fastest in four months

MONEY SENT HOME in July by overseas Filipino workers (OFWs) increased by their fastest pace in four months, the Bangko Sental ng Pilipinas (BSP)...

A remittance campaign champions sari-sari store owners

ON AVERAGE, Filipinos take 22 minutes to reach the nearest financial service centers for their transactions. According to data from the first National Baseline...

Remittances top 2015 goal

MONEY SENT HOME by overseas Filipino workers (OFWs) rose to a record-high level in December that brought the full-year total well above a downward-revised...