Monday, December 10, 2018

Dec 08 18, 10:40 pm

Nol Cards may now be used in Little Manila, Carrefour, Lulu Hypermart

DUBAI: The Roads and Transport Authority (RTA) has partnered with a local payment platform enabling consumers to use their Nol cards when making payments at over 5,000 retail outlets, including Little Manila Restaurant, Carrefour and Lulu Hypermart chain. “Right now,...

WATCH: Mother cries as son beats her with broom

A mother in Bengaluru in India suffered beating from his son after she allegedly talked about her son’s failing grade in school. In a video that has gone viral on social media, the mother is seen sitting on a sofa while the son was standing in front of her while...

Trillanes post bail for libel charges of Paolo Duterte

Senator Antonio Trillanes IV has evaded arrest once again after he posted bail for the libel charges filed against him by former Davao City vice mayor and presidential son Paolo Duterte and the latter's brother-in-law, lawyer Manases Carpio. Presiding Judge Melinda...

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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Mga murang panregalo ngayong kapaskuhan

Mga murang panregalo ngayong kapaskuhan

DUBAI: The Christmas season for Filipinos nears its most festive celebrations! A few days more and all Filipinos, from the Philippines and all over the world, will be enjoying the most wonderful time of the year together with their families, friends, co-workers,...

Php4.2-billion China-funded bridge in Manila OK’d

Php4.2-billion China-funded bridge in Manila OK’d

The Department of Public Works and Highways (DPWH) announced on Tuesday, Dec. 4, that the construction of the Binondo-Intramuros Friendship Bridge will push through and promised to ensure that the China-funded bridge would not affect Manila’s heritage sites. In a...

Speed limit increased in parts of Abu Dhabi

Speed limit increased in parts of Abu Dhabi

Speed limit increase, now at 140kmph, has been implemented on Sunday, December 2, in several roads in Abu Dhabi. Authorities implemented the new speed limit following the results of various studies regarding causes of accidents in the UAE. Among the roads where the...

Stay off me, ugly warts

Common skin warts are raised oval growths on the skin that are caused by a virus (human papillomavirus [HPV]). They can be skin-colored or darker. Some warts may have tiny black dots in them which are actually clotted blood vessels. One can be infected by the virus...

Zitan: It’s all about connectivity

Flanked by two main thoroughfares, Shaw Boulevard and EDSA, and located at the gateway of Greenfield District, Zitan connects residents to malls, lifestyle centers, green open spaces and offices in the District; it connects residents to the metropolis via its direct...

Hello Kitty meets with fans ahead of the Hello Kitty Run Dubai

Hello Kitty made special appearances to the public for a quick meet and greet with her fans across the UAE ahead of the upcoming Hello Kitty Run Dubai presented by Babyshop! The most awaited fun run for kids, families, and Hello Kitty fans organized by MMC Sportz is...

Have a taste of Filipino Christmas with Chowking

December 24 and 25 falls during the weekdays – which would most likely mean that majority of Filipinos will still be at work since those aforementioned dates aren’t holidays. But knowing Filipinos, they would still find ways and means to celebrate Christmas with...

WATCH: Mother cries as son beats her with broom

A mother in Bengaluru in India suffered beating from his son after she allegedly talked about her son’s failing grade in school. In a video that has gone viral on social media, the mother is seen sitting on a sofa while the son was standing in front of her while...

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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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