PH

PPH Vs. USD At An 11-Year Low, But Remittance Is At An All Time High

The Philippines Peso has dipped low against the US dollar at P52.12 on Wednesday, February 14. It is the weakest performance of the currency in 11 years. The Philippine currency went down 14 centavos from the 51.980 that was recorded...
oil

Global Oil Price Drop Could Affect Over 2 Million OFWs, Middle East

Over 2 million Filipinos are working in the Middle East who may be affected by the continued global oil price drop. While the Central Bank data showed OFW remittances increased, there is an impending threat on retrenchment among OFWs in...
HONG KONG-PHILIPPINES-ECONOMY-REMITTANCES

OFW Remittances Growth at Slowest Pace

Money sent by Filipinos working overseas is one of the major contributors to Philippine Economic Growth. It is the largest source of dollar income for the economy. OFW remittances showed a slow growth of only 2 percent in November reaching...
HONG KONG-PHILIPPINES-ECONOMY-REMITTANCES

Impact on OFW Remittances as the Greenback Appreciates

OFW remittances prove to be one of the major reasons why our economy keeps going. It is one of the major sources of foreign exchange inflows. However, the strengthening of the US dollar has raised concerns about its effects on the...