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
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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