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
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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