Wednesday, October 16, 2019

Aug 19 19, 4:39 pm

‘May dumaang pison!’ — Kidapawan hit by Intensity 7 earthquake

Kidapawan City tonight experienced an Intensity 7 earthquake following a magnitude 6.3 tremor that hit North Cotabato. Reports reaching The Filipino Times showed General Santos was likewise hit with a fire breaking put in the aftermath. No details yet on the quake’s...

Kidapawan hit by Intensity 7 earthquake

Kidapawan City has experienced an Intensity 7 earthquake after a magnitude 6.3 earthquake hit North Cotabato. No details yet on the quake damage to the city and casualties. "No reports even in the outskirts, so far so good, I hope magpapatuloy," Kidapawan City Mayor...

Savor Philippines’ finest flavors with Mother’s Best

Filipinos seeking unique flavors from the Philippines now enjoy an assortment of products shipped all the way from their home country with the help of Shankar Trading Company LLC. Among the products that bring forth the delicious, lip-smacking taste of the Philippine...

OFW squashes rumors that he was raped, slain

An overseas Filipino worker in Riyadh, Saudi Arabia had to squash fake news circulating online that he was raped and died. Raymond Lopez took to Facebook his frustration over some viral posts, videos and memes, on social media bearing a collage of his photos along...

OFW remittances drop in June

by | News

Aug. 19, 19 | 4:39 pm

The Bangko Sentral ng Pilipinas (BSP) has recorded a drop in the personal remittances of overseas Filipino workers (OFWs) in June.

In a report, BSP said it recorded a total remittance of $2.545 billion in June this year – the lowest posted since September 2018’s $2.490 billion.

The amount is also lower than the $2.615 billion in the same period a year ago and 12 percent lower than May’s $2.896 billion.

BSP, however, did not cite the specific reason for the decline.

Personal remittances are made up of OWF’s net compensation; personal transfers, whether in cash or kind; and capital transfers between households.

Even the cash remittances also fell by 2.9 percent at $2.290 billion compared to the $2.357 billion last year. There was also a 12.2 percent drop recorded from the $2.609 billion in May.

According to BSP Governor Benjamin Diokno, Saudi Arabia was among the countries that contributed to the June decline as cash remittances from land-based workers dropped.

There was a recorded 5.4-percent year-on-year drop in cash remittances from land-based workers, which was mitigated by the 6.3-percent increase year-on-year in transfers from sea-based workers.

The June figure sums up the first-half tally at $16.252 billion. This is a 2.9 percent increase from the $15.787 billion in the same period last year.

The biggest source of remittances from January – June came from the United States, which accounts for more than a third of the total.

Other big sources were Saudi Arabia, Singapore, United Arab Emirates, United Kingdom, Japan, Canada, Hong Kong and Germany.

Compared to the $3.5 billion remitted by those with labor arrangements valid for less than a year, those with longer contracts sent home $12.4 billion as of June, BSP said.

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‘May dumaang pison!’ — Kidapawan hit by Intensity 7 earthquake

‘May dumaang pison!’ — Kidapawan hit by Intensity 7 earthquake

Kidapawan City tonight experienced an Intensity 7 earthquake following a magnitude 6.3 tremor that hit North Cotabato. Reports reaching The Filipino Times showed General Santos was likewise hit with a fire breaking put in the aftermath. No details yet on the quake’s...

Kidapawan hit by Intensity 7 earthquake

Kidapawan hit by Intensity 7 earthquake

Kidapawan City has experienced an Intensity 7 earthquake after a magnitude 6.3 earthquake hit North Cotabato. No details yet on the quake damage to the city and casualties. "No reports even in the outskirts, so far so good, I hope magpapatuloy," Kidapawan City Mayor...

Savor Philippines’ finest flavors with Mother’s Best

Savor Philippines’ finest flavors with Mother’s Best

Filipinos seeking unique flavors from the Philippines now enjoy an assortment of products shipped all the way from their home country with the help of Shankar Trading Company LLC. Among the products that bring forth the delicious, lip-smacking taste of the Philippine...

OFW squashes rumors that he was raped, slain

OFW squashes rumors that he was raped, slain

An overseas Filipino worker in Riyadh, Saudi Arabia had to squash fake news circulating online that he was raped and died. Raymond Lopez took to Facebook his frustration over some viral posts, videos and memes, on social media bearing a collage of his photos along...

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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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