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
April –
MONTH OF PLANET EARTH!
“Climate change, El Nino,
and the Middle East conflict
are wreaking havoc on Planet Earth.”
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
Monthly Observances:
April – Month of Planet Earth
Weekly Observances:
April 24-30 — World Immunization Week
Daily Observances:
Apr 5 — International Day of Conscience
Apr 7 — World Health Day
Apr 15 — International Day of Wellness
Apr 21 — Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health
at Work
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