MANILA, Philippines – Investments of families receiving remittances from Filipinos abroad surged in the fourth quarter to its highest level since 2007, the Bangko Sentral ng Pilipinas said.
“Those that allocated their remittances for investment increased to 11.2 percent from 4.8 percent [in the third quarter],” the central bank said in its latest Consumer Expectations Survey (CES).
The BSP stressed this is the highest percentage recorded since the annual survey was conducted in the first quarter of 2007.
BSP assistant governor Almasara Cyd Tuano-Amador said these are “small investments” such as sari-sari stores and other businesses.
At the same time, families receiving money from their members abroad had saved more in the last quarter, the survey showed.
“The percentage of OFW (overseas Filipino worker) households that utilized their remittances for savings rose to 41.6 percent from 34.3 percent in Q3 (third quarter),” the BSP said. –Kathleen A. Martin, The Philippine Star
20 February –
WORLD DAY OF SOCIAL JUSTICE
“Every day, give everyone their due.
Every day should be Social Justice Day!
The only way”
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
February Observances
1-7 Feb: World Interfaith Harmony Week
01 Feb: World Wetlands Day
02 Feb: International Day of Human Fraternity
04 Feb: International Day of Zero Tolerance
for Female Genital Mutilation
11 Feb: International Day of Women and Girls
in Science
20 Feb: World Day of Social Justice
Monthly Observances:
National Health Insurance Month
Weekly Observances:
Week 1: National Awareness Week
for the Prevention of Child Sexual Abuse
and Exploitation
Week 3: Public Administration Week
Daily Observances:
Feb 1 Constitution Day
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