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New
IMF-directed format shows
OFWs sent home US$3.1B more
MANILA – COMPLYING with an International
Monetary Fund (IMF) directive, a new computation by the Philippines’s
central bank of the country’s summary of financial transactions
here and abroad shows money sent by Filipinos overseas last year
were higher, boosting further the country’s balance of payments.
Following the fifth edition of the IMF Balance of Payments (BOP)
Manual, the Bangko Sentral ng Pilipinas’s new computation
shows total remittances last year amounted to US$11.6 billion,
or $3.1-billion higher than the $8.5-billion the BSP originally
announced. JEREMAIAH M. OPINIANO and ALEXIS
DOUGLAS B. ROMERO report for the OFW Journalism Consortium.Full
story
OFW
cash sends ripples to economic, business sectors
MANILA – RISING remittances from overseas Filipino workers
(OFWs) have attracted government agencies, multilateral groups,
and businesses to try their luck at the getting a slice of that
billion-dollar pie. JEREMAIAH M. OPINIANO reports
for the OFW Journalism Consortium.
Full story
Former
OFWs lift selves after stumbling in savings tack
CABANATUAN CITY – THE rhythmic clink-clink of coins and swish-swish
of money bills break the afternoon silence of a town 30 kilometers
northwest of here as Filipinos representing different generations
of migrant workers from Nueva Ecija try to recoup their failed savings
tack as individuals. While individually these former OFWs failed
to save, they are not giving up: they are banking on their six-year-old
self-help group Sto. Domingo OFW Association, based in the town
of Sto. Domingo. JEREMAIAH M. OPINAINO reports
for the OFW Journalism Consortium. Full
story
Nueva
Ecija-wide group of ex-OFWs to rise on savings need
CABANTUAN CITY – SOME 15 self-help groups made up former overseas
Filipino workers (OFWs) in Nueva Ecija will formalize this year
a province-wide federation to encourage savings and build capital.
The Nueva Ecija OFW Federation (NEOFED) will have member-groups
coming from the towns of Talavera, Aliaga, Laur, and Bongabon, and
the cities of Cabanatuan, Palayan, and San Jose, the provincial
capital, said president Fernando Cara. JEREMAIAH M. OPINIANO
reports for the OFW Journalism Consortium. Full
story
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