Philippine job losses from unrest in the Arab world and the Japan quake have had little overall impact on the amount of money the huge Filipino overseas workforce sends home, the Central Bank said yesterday.
Cash transfers rose 6.2 percent from a year earlier to $7.9 billion in the five months to May, slightly down from its 6.6 percent growth in the same period last year, it said in a statement.
May transfers rose 6.9 percent year-on-year to $1.7 billion.
“Data… showed that Filipino workers continued to be deployed abroad, offsetting the job losses resulting from social unrest in the Middle East and North African region and the disasters that occurred in Japan,” it said.
About 26,000 Filipino workers fled Libya’s civil war this year.
The Philippine government also ordered its 1,400 citizens last month to leave Yemen.
Remittances by sailors surged 21.4 percent in the first five months, while land-based workers’ remittances grew by a slower 3.6 percent, the Central Bank said.
The bank said moves by Saudi Arabia, which hosts 1.3 million Filipinos, to transfer more jobs to its citizens should also likewise have minimal impact on those employed by big firms.
“Only (Filipinos) who are employed by small establishments will likely be most affected, as they have largely been non-compliant with the program to-date,” it added.
Manila also plans to negotiate with Saudi Arabia after the kingdom stopped granting work permits to Filipino domestic workers last month amid a dispute over a $400 minimum monthly pay demand.
About nine million Filipinos live or work abroad out of a total population of 94 million, remitting a record $18.76 billion last year.
The cash injections provide a massive boost to a struggling domestic economy in which a fifth of the labour force is chronically unemployed or stuck in low-paying, part-time jobs. AFP
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
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 #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
