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2018 Survey on Overseas Filipinos

1 out of 4 OFWs are in Saudi Arabia—PSA

The Kingdom of Saudi Arabia (KSA) remains to be the top destination for overseas Filipino workers (OFW), as evidenced by the results of the 2018 Survey on Overseas Filipinos conducted by the Philippine Statistics Authority (PSA). The total number of...
Jon Edward Santillan

OFW Bags Top Prize at Dubai Smartpreneur Competition 2019

Another overseas Filipino worker (OFW) is making waves at a foreign land—proving that Filipinos can be as excellent as they can be. Jon Edward Santillan, an overseas Filipino worker (OFW) brings home the top prize amounting to 75,000 Dirhams, or...
saving money

More Households Saved Money in Q1 2019

A survey from the Bangko Sentral ng Pilipinas (BSP) shows that more Filipino families have been setting aside money for various reasons in the first quarter of 2019. From the previous quarter’s 32.8 percent, the BSP’ latest Consumer Expectations Survey...
Jeffrey Velasco

Former Pedicab Driver and ‘Balut’ Vendor from Tondo Now Owns a Coffee Shop in Ireland

From his humble beginnings in Tondo, Jeffrey Velasco, the Filipino owner of Cuppacity Coffee and Bagels, grabbed every opportunity that comes his way until he was able to earn his place in Ireland’s coffee industry. Back in the days when...
DOLLAR

OFW Remittances Hit Record-High at $2.8B

December 2018 saw a surge in the cash remittance from overseas Filipino workers (OFW). As such, the country hit a full-year growth outpacing Bangko Sentral ng Pilipinas’ (BSP) growth forecast, though 2018 had the slowest annual increase recorded. According to...
OFW Bank

Overseas Filipino Bank Launched To Cater To Our OFWs Specifically

Great news is waiting for our kababayans who are working abroad. OFWs can now expect to find it easier to invest because of a new bank that is specifically built to cater to the needs of the Filipinos working abroad....
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...
overseas filipino workers

Financial Tips for OFWs: What to Do After Your Job Contract Ends

Filipinos working in countries outside the Philippines, collectively known as overseas Filipino workers (OFWs), know that they can’t work forever – no one can, actually. At some point in their lives, they must retire or their contracts might already end...
litson manok

Inspiring Business Stories: The Success Story of Any-Haw Litson Manok

They might not consider themselves as rich millionaires but Zaldy and Ruby Dela Cruz admitted they are now living comfortably – they are able to buy anything they wanted and are sending their kids to private schools – but life...
balikbayan_philippines

Bureau of Customs Increases Levies on Balikbayan Box Containers by 125%

Two months ago, OFWs were angered because of the very strict regulation imposed by the Bureau of Customs (BOC). Balikbayan boxes were opened and manually inspected by customs officials that caused a lot of complaints. Then on August 24th, the President took action...