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
April –
MONTH OF PLANET EARTH!
“Climate change, El Nino,
and the Middle East conflict
are wreaking havoc on Planet Earth.”
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
Monthly Observances:
April – Month of Planet Earth
Weekly Observances:
April 24-30 — World Immunization Week
Daily Observances:
Apr 5 — International Day of Conscience
Apr 7 — World Health Day
Apr 15 — International Day of Wellness
Apr 21 — Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health
at Work
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