JOURNALISM CONSORTIUM

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                    [ArticleID] => 290231
                    [Title] => BSP acts to improve OFW remittance services
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) will implement a number of initiatives to address issues confronting overseas Filipino workers (OFWs), particularly bank remittance services. 


Monetary Board (MB) member Vicente Valdepeñas said in an OFW Journalism Consortium forum that the BSP’s initiatives would aim to improve the magnitude of remittances being channeled via banks through the reduction of the cost of remittance services, improvement of quality and variety of remittance services available to clients, and increased access to banks by the remitters.


                    [DatePublished] => 2005-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 290254
                    [Title] => New IMF method boosts OFW remittances in 2004 by $3B to $11.6B
                    [Summary] => Dollar remitttances from overseas Filipino workers (OFWs) reached a higher figure of $11.6 billion, instead of the earlier recorded $8.6 billion, in 2004, based on a new method of computation introduced by the International Monetary Fund (IMF).


The lower figure last year was due to the non-inclusion by the Bangko Sentral ng Pilipinas (BSP) of remittances that were coursed through the informal sector such as the padala and the door-to-door system, a monetary official explained.


                    [DatePublished] => 2005-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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BSP acts to improve OFW remittance services

By Donnabelle L. Gatdula | August 7, 2005 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) will implement a number of initiatives to address issues confronting overseas Filipino workers (OFWs), particularly bank remittance services.  Monetary Board (MB) member...

Business

New IMF method boosts OFW remittances in 2004 by $3B to $11.6B

By Ted P. Torres | August 7, 2005 - 12:00am

Dollar remitttances from overseas Filipino workers (OFWs) reached a higher figure of $11.6 billion, instead of the earlier recorded $8.6 billion, in 2004, based on a new method of computation introduced by the International...

Business