Sunday, February 17, 2019

Dec 08 18, 10:40 pm

Locals starting to have preference for Pinoy foods

Photo:Trade and Industry Undersecretary Abdulgani M. Macatoman is flanked by Commercial Attaché Charmaine Mignon S. Yalong and Allan Bautista, chairman of the League of Freight Forwarders and and LBC regional senior sales and marketing manager. DUBAI: More and more...

Blazing fast 5G internet speeds to be implemented in UAE this 2019

Filipinos know for a fact that the UAE’s internet speeds are no match for the services available back home – and the services are just about to get better as both du and Etisalat subscribers will soon roll out their 5G service. The UAE’s biggest telecom providers are...

Airfare in PH to become cheaper in March-April

Airline passengers in the Philippines will pay lower airfares starting March 2019 as jet fuel price continue to decline, according to the Civil Aeronautics Board (CAB). With the looming decline in the prices of jet fuel, airline companies will be required to lower...

OFW families who save, invest increase in last quarter of 2018

by | Finance, News

The number of overseas Filipino worker (OFW) families using remittances for saving and investments increased in the fourth quarter of the year, the Bangko Sentral ng Pilipinas (BSP) revealed.

According to the 4th Quarter Consumer Expectation Survey of the BSP, the percentage of OFW families using remittances for saving increased from 32.7 percent in the third quarter of the year to 35.5 percent in the fourth quarter. Similarly, the percentage of OFW families using remittances for investments increased from 4.2 percent to 5.1 percent.

“OFW households that utilize their remittances for savings and investment increased for the current quarter,” said Redentor Paolo Alegre, head of the BSP’s Department of Economic Statistics (DES).

However, the number of OFW families using remittances to buy items such as appliances (18.7 percent), houses (10.4 percent), and cars (6.4 percent) dropped in the fourth quarter compared to results from the third quarter of the year.

Latest records from the BSP show that as of September, total remittances of OFWs to the Philippines stands at $21.294 billion – 16.8 billion from land-based workers and $4.5 billion from sea-based workers.

OFW remittances is expected to recover in the following months as the holiday season approaches which is expected to strengthen peso by year-end.

The BSP projects remittances to grow by 4 percent on average for 2018.

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RTA opens main bridge at intersection of Expo Road, Al Asayel Street

RTA opens main bridge at intersection of Expo Road, Al Asayel Street

WAM: Dubai’s Roads and Transport Authority (RTA) has opened a main bridge at the intersection of Expo Road and Al Asayel Street. The bridge is a part of Phase 5 of the roads network leading to Expo site. The completion rate of this phase has exceeded 50 percent, and...

Immigration officers at NAIA banned from using phones while on duty

Immigration officers at NAIA banned from using phones while on duty

The Bureau of Immigration (BI) has barred its personnel at the Ninoy Aquino International Airport (NAIA) as well as other international ports in the country from using cell phones while on duty. BI Commissioner Jaime Morente said that the move seeks to ensure that...

Maria Ressa arrested for cyber libel

Maria Ressa arrested for cyber libel

Rappler's CEO and executive editor Maria Ressa was arrested on Wednesday, February 13, for a cyber libel case in relation to a 2012 article "linking a businessman to illegal drugs and human trafficking." Officials from the National Bureau of Investigation (NBI)...

Locals starting to have preference for Pinoy foods

Photo:Trade and Industry Undersecretary Abdulgani M. Macatoman is flanked by Commercial Attaché Charmaine Mignon S. Yalong and Allan Bautista, chairman of the League of Freight Forwarders and and LBC regional senior sales and marketing manager. DUBAI: More and more...

Airfare in PH to become cheaper in March-April

Airline passengers in the Philippines will pay lower airfares starting March 2019 as jet fuel price continue to decline, according to the Civil Aeronautics Board (CAB). With the looming decline in the prices of jet fuel, airline companies will be required to lower...

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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.

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