MANILA – Where do the remittances of overseas Filipinos go when these reach their loved ones back home?
Of the 525 households polled by the Bangko Sentral ng Pilipinas (BSP), 95.4 percent said they used the remittances for food, 67 percent for education, 54.9 percent for medical payments and 42.1 percent for debt payments.
Those who said they used the remittances for savings declined to 39.4 percent from 42.1 percent in the first quarter. Respondents who said they put away the remittances in investments such as business capital or in stocks went down, as well as those who said they bought consumer durables, motor vehicles and real property.
Repondents in the National Capital Region (NCR) followed the national trend while those outside NCR said more OFW housholds used the remittances to pay down their debts and for savings. –Likha Cuevas-Miel, InterAksyon.com
Sept 5 – Oct 5
National Teachers Month
“Pay teachers decent wages,
Pay attention to teachers!”
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
September
Monthly Observances:
Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 5)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: 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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