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
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
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