MANILA–Remittances from Filipinos working and living overseas, a key pillar of the Philippine economy, are unlikely to decline this year, central bank deputy governor Diwa Guinigundo said on Tuesday.
The comment suggests remittance would be at least in line with the record 2008 level of $16.4 billion.
Guinigundo said Filipinos continue to land jobs abroad, particularly in the Middle East, but he said the government would have a better grasp of the overseas labor market by the second half this year.
The World Bank said last month it expects remittance flows to developing countries to fall between 5 percent and 8 percent this year, compared to estimated 8.8 percent growth in 2008, citing the uncertainty over the duration and depth of the global financial crisis.–Reuters
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
