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
It’s women’s month!
“Support women every day of the year!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
