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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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