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Govt
exec says gab all talks, no commitments
Lobby groups pin hopes on global migration talks
MANILA—FIFTEEN
down, 15 organizations more to go, and the global conference on
migration and development (GFMD) organizers remain optimistic
these advocates can use the conference to lobby for greater protection
for migrant workers.
"We're aiming to come up with recommendations na mapipilitan
ang gobyerno na ma-consider [to pressure the government to consider]
such recommendations", Second Global Forum on Migration and
Development organizer Ildefonso Bagasao told the OFW Journalism
Consortium. ISAGANI
DE LA PAZ
reports for the OFW Journalism Consortium®.
Full story
Economist
says crisis stretching OFWs’ ability to send money
MANILA–A
US-generated financial crisis is testing overseas Filipino workers’
ability to send cash home, an economist said using government data
on remittances.
“If OFWs persist in sending more money, it will not be physically
sustainable for them,” Alvin Ang told the OFW Journalism Consortium
before monetary authorities reported on August 15 that OFWs sent
home a record $1.5 billion in June. JEREMAIAH
M. OPINIANO
reports for the OFW Journalism Consortium®.
Full
story
Monthly
remittance data shows downward spikes
MANILA–MONTH-ON-MONTH
remittance data reflecting downward spikes may reveal the impact
of world oil and commodities prices adjustment to economies like
the Philippines that are dependent on cash flow from abroad, economist
Alvin Ang said.
“While it is too early to see the effect, we should be on
guard of the monthly growth rates of remittance inflows and understand
the ‘Philippine cycle’ of these flows,” the University
of Santo Tomas economics professor said. JEREMAIAH
M. OPINIANO
reports for the OFW Journalism Consortium®
Full
story
Informal
remittances sank to seven-year low
MANILA–PADALA,
or the money brought home by vacationing overseas Filipinos here,
is on its seven-year low, based on data from the Philippines’s
central bank.
Migration and remittances experts call these cash —$506 million
in 2007— as “informal remittances.” This includes
money that did not pass through “formal” banking channels.
JEREMAIAH M. OPINIANO reports
for the OFW Journalism Consortium®. Full
story
Banks’
past abuses still haunt migrant savings pool—ILO study
MANILA–MIGRANT
workers have yet to be convinced errant banking processes are things
of the past before they see the veracity of pooled savings for investment
in development projects, a recent study by the International Labor
Organization revealed.
The study titled “The Contribution of Migrant Organisations
to Income-Generating Activities in their Countries of Origin”
focused on the experience of the Philippines in developing money
from overseas Filipino workers as pooled investments. ISAGANI
DE LA PAZ
reports for the OFW Journalism Consortium®. Full
story
How
to take care of your money?
Read
the stories of the OFW Journalism Consortium on financial literacy
for Filipinos abroad and their families back home. Click
here
2006
Special Newspacket on Financial Literacy in Overseas Filipinos
by the OFW Journalism Consortium cited in the newsletter Migrant
Remittances
(published by the United States Agency for International Development
[USAID]-Microenterprise Development Office and the United Kingdom
Department for International Development [DFID])
http://www.livelihoods.org/hot_topics/docs/Migrant%20Remittances_Oct06.pdf
These articles are free, but to publish, broadcast, rewrite, or
redistribute this, please write or email the OFW Journalism Consortium
editor@ofwjournalism.net or ofwjournalism@gmail.com
for permission.
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