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
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
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
