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
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.
