Remittances up 6% on year, slowest in 5 months
MANILA, Philippines – Remittances growth slowed to a 5-month low in February, amid a strong peso and the weak recovery of the jobs market abroad.
Money sent home by Filipinos in February reached P1.7 billion, up 6% which is the slowest since September.
The Bangko Sentral itself expects remittances to moderate this year to just 5% from last year’s 6.3% amid lingering global economic uncertainties, with unemployment in the US and Europe remaining high.
But the BSP says the jobs outlook is lifted by an increase in the monthly minimum wage in Taiwan, Hong Kong hiring workers for its infrastructure projects and a lifting of the ban on OFW deployment in Iraq and Yemen. – ANC
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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