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Jun 13 19, 10:21 am

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Wall Street Exchange salutes OFWs as ‘Bagong Bayani’

by | Feature

Jun. 13, 19 | 10:21 am

Wall Street Exchange (WSE) hails the Filipinos in the UAE on the occasion of the 121st Philippine Independence Day for keeping their local economy thriving as they remain one of the biggest sources of remittances to the Philippines. Hence, regarded as the country’s bagong bayani or modern-day heroes for exceeding far beyond their underpinning roles as providers for their families back home, which essentially contribute to the advancement of the nation.

One of the oldest and most trusted remittance and exchange centers in the UAE, WSE has always been supportive of the UAE-based Filipinos, by helping them realize their dreams of uplifting their families’ economic status and grasping financial freedom through cheaper remittance fees and competitive exchange rate offers.

With approximately 1 million Filipino expats, the UAE remains to be one of the top destinations of Filipinos who are looking for greener pasture.

To better serve the Filipinos in the UAE, WSE has consistently been setting up money remittance centers across the UAE to bring their services closer to Filipinos. In Satwa, for example, a place in Dubai with a huge concentration of Filipinos, WSE has been within reach through its two branches and a new branch in this district is also set to open in the third quarter of this year.

With its branches located at Filipino-centric locations in the UAE, WSE allows Filipino expats to send money at their convenience.

Aside from providing safe and secure services, Filipinos in the UAE can now also pay their SSS and PhilHealth through WSE as they offer payment services including credit card, utility bills, mobile top-up and telecommunication bills.

For these reasons, WSE has become the preferred remittance center amongst bagong bayani living and working in the UAE.

A testament to this was the numerous awards received by WSE as one of the top brands that Filipinos love. For four years in a row, WSE has been a recipient of The Filipino Times Awards, recognizing the contribution of world-class Filipinos in the Middle East and top brands in the UAE. Several recognitions were also given to WSE for its efficient service, latest technology, and corporate social responsibility initiatives.

According to data, the Central Bank released last April 2019, household spending, which OFW remittances are a huge part of, fuels and contributes nearly 70% to the Philippine’s gross domestic product.

The Central Bank of the Philippines reported that UAE-based Filipino workers sent a whopping US$2 billion in 2018, making them the third biggest remittance senders. The average growth rate of remittances from the UAE to the Philippines, meanwhile, recorded at 14 percent from 2014 to 2018.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

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