Work and live abroad is a complete resource for those wanting to work abroad or live abroad. We provide overseas job openings, immigration information, legal advice and country guides.
Receive updates on working and living abroad
Work Abroad

Sep 29, 2003
OFW Remittances Up at $4.52B as of end-July
- INQ7.net Email this article
Close to eight million Filipino nurses, IT experts, domestic helpers and seafarers abroad sent 4.52 billion dollars back home in the seven months to July, an increase of six percent from 4.26 billion dollars in the same period last year, the Bangko Sentral ng Pilipinas (BSP) said Monday.


BSP Governor Rafael Buenaventura said he was counting on increased money remittances from overseas Filipino workers (OFWs) this year to offset a slowdown in foreign direct investments and export earnings.


The BSP said the July-September quarter was usually slow for OFW income remittances, which normally peak during the Christmas season up to the early months of the following year and again during the school-payment months of May and October.
NEXT >>
  Page  1 2 3

Reader Comments
Add your own comment >>