SINGAPORE AND UNITED ARAB EMIRATES

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                    [ArticleID] => 296935
                    [Title] => OFW remittances up 22% to $5.8B
                    [Summary] => Remittances from overseas Filipino workers (OFWs) surged by  22.1 percent to hit $5.8 billion in the first seven months of the year from $4.7 billion a year ago, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.


For July alone, remittances  rose by nearly 26 percent to $885 million from $703.9 million in the same period last year. 


Repatriated funds, which make up a tenth of the economy, reached a record $8.54 billion in 2004.


The National Economic and Development Authority (NEDA) expects remittances to rise to $12 billion this year.


                    [DatePublished] => 2005-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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OFW remittances up 22% to $5.8B

By Donnabelle L. Gatdula | September 16, 2005 - 12:00am

Remittances from overseas Filipino workers (OFWs) surged by 22.1 percent to hit $5.8 billion in the first seven months of the year from $4.7 billion a year ago, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. For...

Business