Tag: Remittances
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Overseas Filipino Remittances Soar to Record Levels in 2024
In a significant economic milestone, remittances from Filipinos working abroad reached an unprecedented high of USD38.34 billion in 2024, according to the Bangko Sentral ng Pilipinas (BSP). This figure represents a 3 percent increase from the USD37.21 billion recorded in the previous year. The BSP announced these figures on February 17, 2025, highlighting that December…
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Overseas Filipino Remittances Soar to Record Levels in 2024
In a significant economic milestone, remittances from Filipinos working abroad reached an unprecedented high of USD38.34 billion in 2024, according to the Bangko Sentral ng Pilipinas (BSP). This figure represents a 3 percent increase from the USD37.21 billion recorded in the previous year. The BSP announced these figures on February 17, 2025, highlighting that December…
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Filipino Seafarers’ Economic Impact Highlighted as They Return for Christmas
Senator Sherwin Gatchalian recently emphasized the critical role of Filipino seafarers in the nation’s economic development as they head back home for the Christmas season. He highlighted the significance of the newly enacted Magna Carta for Filipino Seafarers, which aims to bolster their safety and security at work. Gatchalian stated that these maritime professionals are…
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President Marcos Jr. Vows Enhanced Global Cooperation to Safeguard Filipino Workers Abroad
In a heartfelt gathering at Malacañan Palace, President Ferdinand R. Marcos Jr., alongside First Lady Louise Araneta Marcos, hosted the ‘Pamaskong Handog Para sa Pamilyang Overseas Filipino Workers (OFWs)’ on December 17, 2024. This festive event was designed to celebrate and honor the dedication of OFWs and their families. President Marcos Jr. reaffirmed his administration’s…
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President Marcos Jr. Vows Enhanced Cooperation with Host Countries to Safeguard OFWs
President Ferdinand R. Marcos Jr., alongside First Lady Louise Araneta Marcos, hosted the ‘Pamaskong Handog Para sa Pamilyang Overseas Filipino Workers (OFWs)’ at Malacañan Palace in Manila on December 17, 2024. This festive Christmas gathering was organized to celebrate and honor the contributions of OFWs and their families. During the event, President Marcos Jr. reaffirmed…
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