Personal Remittances Increase to $21.2B in First Eight Months of 2018

Personal remittances from Overseas Filipinos (OFs) increased by 2.4 percent year-on-year to reach $21.2 billion in the first eight months of 2018, according to Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Maria Almasara Cyd N. Tuaño-Amador. Personal remittances from land-based workers with work contracts of one year or more grew by 2.1 percent to $16.3 billion, […]
Continue reading…

 

Puregold Enters Remittance Business

The Board of Directors of Puregold Price Club Inc. (PSE: PGOLD) has approved on September 7, 2018 the incorporation of another subsidiary to be named as Purepadala Inc. In partnership with banks, financial institutions, and other financial technology entities, Purepadala  is intended to operate a cash remittance business for the benefit of the customers and […]
Continue reading…

 

BDO Remit Expands in Japan Via Opening of Remittance Office

Makati—(PHStocks)—BDO Remit, the remittance service brand of BDO Unibank Inc. (PSE: BDO), has opened a remittance office in Japan to widen its reach and make its service available to overseas Filipinos working and residing there. As one of the world’s largest economies, Japan has steadily become among the major sources of Overseas Filipino remittances over the years. Strategically located […]
Continue reading…

 

Personal Remittances at US$2.2B in January 2016

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Personal remittances from overseas Filipinos (OFs) increased by 3.2 percent year-on-year in January 2016 to reach US$2.2 billion, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. announced.  These flows consisted primarily of transfers from land-based OF workers with work contracts of one year or more, amounting to US$1.7 billion, as […]
Continue reading…

 

I-Remit to Launch Pick Up Anywhere Payment Facility

Pasig—(PHStocks)—Amid a more challenging business environment, I-Remit Inc. (PSE: I) is now evaluating various innovation alternatives that will make use of the latest available technologies to be able to deliver its services to overseas Filipinos and migrant workers of other nationalities. A part of this effort are the investments in information technology hardware and software needed for upgrading the […]
Continue reading…

 

Remittances for Jan-May Period Top $10B Mark

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Personal remittances from overseas Filipinos (OFs) rose by 5.5 percent year-on-year to $2.2 billion in May 2014. This was higher than the 5.2 percent growth posted in April. On a cumulative basis, personal remittances exceeded the $10 billion mark during the first five months of 2014, Bangko Sentral ng Pilipinas Governor […]
Continue reading…

 

Remittances Up 6.8% in January 2014

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Personal remittances from overseas Filipinos (OFs) rose by 6.8 percent year-on-year in January 2014 to reach $2 billion, BSP Governor Amando M. Tetangco Jr. announced. The robust growth in personal remittances was driven by the steady increase in transfers of land-based workers with long-term contracts (4.9 percent), and sea-based and land-based […]
Continue reading…

 

Personal and Cash Remittances Reach New Record Highs in December 2013

Manila—(PHStocks)—Personal remittances from overseas Filipinos (OFs) registered a new record high of $2.4 billion in December 2013, up by 12.5 percent relative to the level posted in the same month last year. This marks the ninth consecutive month in 2013 that personal remittances breached the $2 billion mark, Bangko Sentral ng Pilipinas (BSP) Governor Amando […]
Continue reading…