Dollars sent home by Filipinos abroad grew almost three percent to $3.1 billion in August, as overseas workers sent more money to their families back home amid the continued rise in commodity prices, according to the Bangko Sentral ng Pilipinas (BSP).
Data from the BSP showed that personal remittances – the sum of net compensation of employees, personal transfers, and capital transfers between households – reached $3.1 billion in August.
Similarly, remittances from sea and land-based workers with work contracts of less than one year also grew, although more slowly, by 1.4 percent to $660 million from $650 million. The expansion in cash remittances in August was due to the growth in receipts from land and sea-based workers. “The growth in cash remittances from the US, Saudi Arabia and Singapore contributed mainly to the increase in remittances in the first eight months of 2023,” the BSP said.
The IMF and World Bank have been holding their first annual meetings in Africa in 50 years under pressure to reform a system... With Jake Figueroa and Patrick Yu as the lead forces, National U scraped past La Salle in overtime, 80-77, and snatched the...
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Pangasinan OFW stabbed dead in Saudi given hero's welcomeSAN JACINTO, Pangasinan: Government officials took turns in extending their sympathies to the family of Marjorette Garcia, an overseas Filipino worker (OFW) from this town who was stabbed to death in the Kingdom of Saudi Arabia (KSA) last month.
Baca lebih lajut »
Hero's welcome inihandog sa pinaslang na OFW sa SaudiItinuring man siyang bayani sa pagkakataong ito, hindi na siya muling mayayakap at mahahagkan ng kanyang naiwang pamilya.
Baca lebih lajut »
Government allows partial OFW deployment to PakistanThe Department of Migrant Workers is now allowing partial deployment of Filipino household service workers (HSWs) to Pakistan.
Baca lebih lajut »
| Kin of Negrense OFW killed in Israel processing papers for body's return to PHSunStar Publishing Inc.
Baca lebih lajut »
18 Ilonggo OFW in Israel monitored safeSunStar Publishing Inc.
Baca lebih lajut »
Marcos to meet with nation leaders, Filipinos in SaudiPresident Ferdinand Marcos Jr.'s attendance at a summit in Saudi Arabia is expected to be quick but packed with meetings with nation leaders.
Baca lebih lajut »