Feb. 2021 OFW personal remittances up 5.3% from Feb. 2020

The amount of money sent home by overseas Filipino workers (OFWs) in February improved 5.3% on a year-on-year basis, according to the Bangko Sentral ng Pilipinas (BSP).

In a report, the BSP said that the personal remittances of OFWs increased to $2.761 billion from $2.623 billion in February 2020.

The personal remittances of land-based OFWs with at least one year of contract grew by 7.8% or to $2.152 billion from $1.997 billion in the same period.

However, the remittances of land-based and sea-based workers with less than a year of contract declined by 4.6% to $540 million.

 Meanwhile, the money sent by Filipinos from the United States, Malaysia, and Singapore increased. – Report from Naomi Tiburcio/AG-jlo

Popular

LTO integrates online driver’s license renewal system in eGovPH app

By Dean Aubrey Caratiquet The Land Transportation Office (LTO) has integrated the online driver’s license renewal in the eGovPH app, which ensures a fast and...

5 of 21 Filipinos in Houthi-hit ship in Red Sea rescued — DFA

By Joyce Ann L. Rocamora and Marita Moaje | Philippine News Agency Five of the 21 Filipino seafarers manning the cargo vessel Eternity C, which...

PBBM directs gov’t officials: Focus on work, avoid politicking

By Dean Aubrey Caratiquet At the Malacañang press briefing this Wednesday, July 9, Presidential Communications Office (PCO) Undersecretary and Palace Press officer Claire Castro reiterated...

Nearly 12K cops to secure SONA — PNP

By Christopher Lloyd Caliwan | Philippine News Agency The Philippine National Police (PNP) on Tuesday said almost 12,000 police officers will be deployed to provide...