Thursday, December 18, 2025
Today's Print

Tag: remittances

OFWs grew 1.5% to 2.19 million in 2024

The number of overseas Filipino workers (OFWs) grew 1.5 percent to 2.19 million in 2024 from 2.16 million the previous year, with Asia remaining...

Remittance growth steady, rose 3.2% in first nine months of 2025

Cash remittances from overseas Filipinos (OF) rose 3.2 percent to $26.03 billion in the first nine months of 2025 from $25.23 billion recorded in...

Coins.ph, BCRemit team up to cut remittance costs for Filipinos abroad

Coins.ph, the Philippines' largest crypto exchange, has teamed up with global remittance provider BCRemit to launch a stablecoin-powered payment corridor to provide faster and...

Philippine cash remittances rise to nearly $3 billion in August

Cash remittances from overseas Filipinos (OF) rose 3.2 percent to $2.98 billion in August 2025 from $2.89 billion in August 2024, the Bangko Sentral...

PLDT Global, Pluxee team up to allow overseas Filipinos to send gifts digitally

PLDT Global Corp. has teamed up with Pluxee Philippines to allow millions of overseas Filipino workers (OFWs) to send gifts and essentials via TinBo...

BSP warns of continuous BOP deficit in next two years

The Bangko Sentral ng Pilipinas (BSP) warned on Wednesday the country's balance of payments (BOP) would remain in deficit over the next two years...

Philippines’ cash remittances hit seven-month high in July 2025

Cash remittances to the Philippines rose to a seven-month high in July 2025, growing 3.0 percent from a year earlier to $3.18 billion, data...

Philippines incurred $5.8 billion BOP deficit in seven months

The Philippines' balance of payments (BOP) shifted to a $167-million deficit in July 2025 from a $62-million surplus a year ago, the Bangko Sentral...

Visa, RCBC launch Visa Direct to boost Philippine global money transfers

Visa, a global leader in digital payments, has partnered with Rizal Commercial Banking Corp. (RCBC), one of the largest universal banks in the Philippines,...

US tax to cut Philippine remittances by 0.05% of GDP

A 1-percent tax on remittances from the United States is expected to have minimal effects in developing Asia, including the Philippines, the Asian Development...

Remittances to the Philippines rose 2.9% to $2.7 billion in May 2025

Cash remittances to the Philippines continued to grow in May 2025, with funds from sea-based overseas Filipinos (OFs) increasing at a faster pace than...

OFW remittances remain stable amid Israel-Iran conflict — Malacañang

The ongoing conflict between Israel and Iran has yet to significantly impact overseas Filipino worker (OFW) remittances, but the Philippine government remains on alert...

OceanaGold PH contributed P28b to gov’t since 2012

OceanaGold (Philippines) Inc. (OGP) has contributed approximately P28 billion to the Philippine government since 2012 through taxes, remittances and community development funding, highlighting the...

BCDA remits P5.21b to national gov’t

The Bases Conversion and Development Authority (BCDA) said it remitted P5.21 billion to the national government as of mid-May 2025, including remittances to the...
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