Remittances up 6% on year, slowest in 5 months

Published by rudy Date posted on April 15, 2013

Remittances up 6% on year, slowest in 5 months

MANILA, Philippines – Remittances growth slowed to a 5-month low in February, amid a strong peso and the weak recovery of the jobs market abroad.

Money sent home by Filipinos in February reached P1.7 billion, up 6% which is the slowest since September.

The Bangko Sentral itself expects remittances to moderate this year to just 5% from last year’s 6.3% amid lingering global economic uncertainties, with unemployment in the US and Europe remaining high.

But the BSP says the jobs outlook is lifted by an increase in the monthly minimum wage in Taiwan, Hong Kong hiring workers for its infrastructure projects and a lifting of the ban on OFW deployment in Iraq and Yemen. – ANC

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

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!

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July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
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