Author Topic: Philippine OFWs Remittances Up in March 2009  (Read 975 times)

MikeLigalig.com

  • FOUNDER
  • Webmaster
  • *****
  • Posts: 33285
  • Please use the share icons below
    • View Profile
    • Book Your Tickets on a Budget
Philippine OFWs Remittances Up in March 2009
« on: May 16, 2009, 11:11:17 PM »
Remittances from overseas Filipino workers (OFWs) hit a record-high of $1.5 billion in March, bringing the first quarter total to $4.057 billion, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

Despite the record-high level, growth slowed to 3.1 percent from a year ago level.

The slowing growth compares starkly with the 13.7-percent year-on-year rise in remittances which reached a record $16.429 billion in calendar year 2008.

The International Monetary Fund and the World Bank have both warned that remittance flows that equate to 10 percent of the Philippines’ domestic economic output could shrink this year as host nations shed jobs because of the global downturn. - Des Ferriols, The Philippine Star

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=19913.0
John 3:16-18 ESV
For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God.

👉 GET easy and FAST online loan at www.tala.com Philippines

Book tickets anywhere for planes, trains, boats, bus at www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

Tags: