Philippines: Dollar remittances account for about 8. ... worker deployment and higher demand for skilled Filipino labour. OFW remittances have been setting new record highs each month ...
(Read the BusinessMirror story: “OFW remittances up 3% to $34.49 billion in 2024—BSP,” February 18, 2024). While we celebrate the dedication and resilience of OFWs, whose sacrifices are ...
THE Philippines’ dollar reserves rose to $106.65 billion as of end-February, according to the Bangko Sentral ng Pilipinas (BSP).
The peso declined against the dollar on Monday as the market reacted to overseas Filipino worker (OFW) remittances data, a trader said by phone interview. The slower growth in cash remittances in ...
In 2023, OFW remittances contributed 8.5 per cent to the Philippine Gross Domestic Product (GDP). With the emergence of digital currencies such as cryptocurrency, many Filipinos, like Wilma O ...
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OFW remittances hit record-high $38.34 billion in 2024OFW remittances have been setting new record ... Upsides of remittances When expat workers send more dollar remittances back home, several economic effects can occur, including a stronger currency ...
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