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...
dollar-exchange-rate

Peso Currency Stays Strong

The Philippine market condition is turbulent, yet peso currency remains strong. If you are in the dollar earning sector, stronger peso means lower earnings. However, a strong peso also means cheaper foreign debt payments and cheaper imported goods such as...