OFW remittances fall to six month low in November 2025
OFW remittances fell to a six-month low of $2.91 billion in November, BSP data showed, though year-to-date inflows continued to grow and a December rebound is…
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OFW remittances fell to a six-month low of $2.91 billion in November, BSP data showed, though year-to-date inflows continued to grow and a December rebound is…
Senator Jinggoy Estrada filed a bill seeking to slash remittance fees for OFWs by half, ensuring transparency, financial protection, and education for Filipino…
‘The faster and continued single-digit year-on-year growth in OFW remittances is a bright spot for the overall economy as an important growth driver,…
OFW remittances rose to $3.17 billion in October, signaling steady growth and boosting consumer spending in the Philippines.
Senator Joel Villanueva has filed the Overseas Filipino Workers Remittance Protection Act to cut remittance fees by half, aiming to boost the value of OFW…
OFW cash remittances rose 3.7% year-on-year to $2.99B in June 2025, the highest in six months, driven by school-related expenses and a stronger peso,…
The United States remained the top source of cash remittances, with a 40 percent share, followed by Singapore, which accounted for 7 percent, and Saudi Arabia,…
The Department of Agriculture and the Department of Migrant Workers encouraged OFWs in Macao and Hong Kong to invest their remittances in agribusiness…
If approved, non-US citizen workers sending money to their families would be subject to higher remittance fees.
The Department of Finance (DOF) said only 20 percent of Filipinos in the United States will be affected by the proposed tax on remittances imposed by the…
The ongoing conflict between Israel and Iran, now on its seventh day, has had no impact on overseas Filipino worker (OFW) remittances so far, Malacañang said…
Overseas Filipino workers (OFWs) sent $2.97 billion in remittances in April, up 4.1% from last year, marking the highest monthly level since December 2022. The…
‘The Trump administration could tighten immigration rules in the US in an effort to create and protect more jobs for US citizens, which could potentially slow…
The move is to celebrate former President Rodrigo Duterte’s 80th birthday and protest his arrest and transfer to The Hague
Senate President Francis Escudero expressed his opposition to retaliating against Overseas Filipino Workers (OFWs) who support the proposed “zero remittance…
‘The Philippines has been the world’s biggest source of seafarers and nurses for many years. Remittances are still expected to similarly grow, going forward,…
Remittances from overseas Filipino workers hit a record $38.34 billion in 2024, up 3% from the previous year, driven by Christmas spending and a weaker peso.…
OFW remittances in 2024 hit a record $38.34 billion, up 3% from the previous year, with the US contributing 41% of the total. Discover the factors driving this…