MANILA, Philippines – Money sent home by overseas Filipinos grew 7.1% in February, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Remittances for the month reached $1.4 billion, bringing the total for the first 2 months of 2010 to $2.8 billion, up 7.8% from the prior year.
Sea-based and land-based workers respectively sent 13.4% and 6.4% more money home in February.
The BSP attributed the strong inflow of remittances to the continued deployment of skilled Filipino workers and their wider access to formal money transfer channels.
“These factors support the optimistic outlook for the sustained growth in remittances throughout the year,” the central bank said.
Bulk or 82% of remittances coursed through local banks in February came from the US, Canada, Saudi Arabia, Japan, United Kingdom, Singapore, United Arab Emirates, and Italy.
The BSP expects remittances to climb 6% in 2010 after a 5.6% rise the previous year. Remittance inflows reached a record $17.3 billion in 2009.
Remittances drive consumer spending, which fuels more than two-thirds of the country’s gross domestic product. –abs-cbnNEWS.com
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
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
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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