MANILA, Philippines – Remittances reached a monthly record of $2.286 billion in November, supported by the sustained deployment of Filipino workers abroad, according to the Bangko Sentral ng Pilipinas (BSP).
In a statement on Wednesday, January 15, BSP said the amount was equivalent to a 9.5% growth from the $2.087 billion remittances recorded in November 2012.
This was the 8th straight month that personal remittances hit the $2-billion mark.
For the first 11 months, remittances totaled $20.6 billion, 6.1% higher than the figure for the same period of 2012.
Remittances, a significant driver of domestic consumption, account for over 10% of the country’s gross domestic product. Filipino families depend on remittances sent by family members abroad to pay for their daily needs at home.
“The steady deployment of OF workers remained the key driver of growth in remittance flows for the first 11 months of the year,” BSP stressed.
A total of 731,254 job orders from overseas were approved by the Philippine Overseas Employment Administration from January to November.
Of the job orders processed, 43.2% were mostly for services, production and professional, technical and related workers.
These workers were deployed to Saudi Arabia, the United Arab Emirates, Kuwait, Taiwan, Hong Kong and Qatar. – Rappler.com
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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