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
August 12 –
International Youth Day
“Empowering youth,
building generations!”
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
August –
Aug 1-7 World breastfeeding week
Aug 9 – International Day of the World’s Indigenous Peoples
Aug 12 – International youth day
Aug 19 – World humanitarian day
Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition
Monthly Observances:
Farms Safety Month
Breastfeeding Awareness Month
Weekly Observances:
Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week
Daily Observances:
Aug 1: Family Planning Day
Aug 9: National Indigenous Peoples Day
Aug 12: International Humanitarian Law Day
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