Tuesday, April 7, 2020

Dec 16 17, 7:44 am

778 seafarers from cruise ships return to PH

A total of 778 seafarers coming from cruise ships docked in the USA were repatriated on Holy Monday, according to the Department of Foreign Affairs (DFA). The latest batch of 179 seafarers from five Carnival Cruise ships: Conquest, Ecstasy, Fascination, Legend, and...

PH launches 24/7 hotline for medical advice in Metro Manila

The Philippines' Department of Health has launched a 24/7 hotline dedicated to responding to residents from Metro Manila to get professional medical advice for the coronavirus disease (COVID-19) as well as other health concerns. DOH stated that residents may contact...

IATF grants additional P5-billion fund for displaced workers

The Inter-agency Task Force on COVID-19 response approved on Tuesday the additional Php 5 billion funding for Department of Labor and Employment (DOLE)’s financial assistance program to overseas Filipino workers (OFWs) and other workers affected by the coronavirus...

OFW remittances post rebound; Filipinos in UAE major source of cash inflow

by | TOP STORIES

Dec. 16, 17 | 7:44 am

Money sent home by overseas Filipino workers (OFWs) posted a rebound in October and Filipinos in the United Arab Emirates share the spot with those in the United States in the top contributors of the cash remittances, as per the Bangko Sentral ng Pilipinas (BSP) report on Friday.

“The top countries that contributed to the increase in total cash remittances during the month were the United Arab Emirates (UAE) and United States (US),” the BSP said.

Personal remittances rose to $2.55 billion from $2.32 billion a year ago, up 9.7 percent and recovering from September’s five-month low of $2.44 billion.

“Personal remittances from land-based OFs with work contracts of one year or more including other household-to-household transfers posted an increase of 4.2 percent (at $19.8 billion) and those from sea-bawd and land-based OFs with work contracts of less than one-year increased by 4.1 percent (at $5.3 billion) for January to October of 2017,” the central bank said.

BSP Governor Nestor Espenilla Jr. said personal remittances hiked to 9.7 percent.

This is fastest growth remittances in the past seven months attributed to the bullish demand for skilled workers, said the central bank.

For the first 10 months, personal remittances including other household-to-household transfers went up 5.2 percent to $25.72 billion from a year-ago level of $24.43 billion.

On the other hand, Espenilla said cash remittances grew 8.4 percent to $2.27 billion in October from $2.1 billion in the same month last year. This was also the fastest growth since posting a double-digit expansion of 10.7 percent last March.

OFW remittances help shield the Philippines against economic uncertainties.

Jobs

Latest News

778 seafarers from cruise ships return to PH

778 seafarers from cruise ships return to PH

A total of 778 seafarers coming from cruise ships docked in the USA were repatriated on Holy Monday, according to the Department of Foreign Affairs (DFA). The latest batch of 179 seafarers from five Carnival Cruise ships: Conquest, Ecstasy, Fascination, Legend, and...

PH launches 24/7 hotline for medical advice in Metro Manila

PH launches 24/7 hotline for medical advice in Metro Manila

The Philippines' Department of Health has launched a 24/7 hotline dedicated to responding to residents from Metro Manila to get professional medical advice for the coronavirus disease (COVID-19) as well as other health concerns. DOH stated that residents may contact...

IATF grants additional P5-billion fund for displaced workers

IATF grants additional P5-billion fund for displaced workers

The Inter-agency Task Force on COVID-19 response approved on Tuesday the additional Php 5 billion funding for Department of Labor and Employment (DOLE)’s financial assistance program to overseas Filipino workers (OFWs) and other workers affected by the coronavirus...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

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 2.5 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

BROCHURES

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 2.5 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

BROCHURES

© 2020 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in TOP STORIES
Bello lambasts critics of OFW IDs with watermark photo of Duterte
Published On  December 16, 2017
Simbang Gabi na
Published On  December 14, 2017
Maid in Dubai suffocates her newborn baby to death
Published On  December 14, 2017
Close