Efforts by supporters of former President Rodrigo Duterte to disrupt overseas remittance flows through a self-declared “no remittance week” in March failed to dent inflows, as cash sent home by Filipinos rose by 2.6 percent that month, data from the Bangko Sentral ng Pilipinas (BSP) showed....
Economists at Bank of the Philippine Islands (BPI) believe that the plan of former President Rodrigo Duterte’s supporters, especially overseas Filipinos workers (OFWs), to protest his detention by the International Criminal Court (ICC) at The Hague through a “zero-remittance week” could do...
Malacañang has reminded overseas Filipino workers (OFWs) that their families would also feel the impact of their plan to hold their remittances for a week to show their support to embattled former president Rodrigo Duterte. PCO Undersecretary Claire Castro (RTVM) Palace Press Officer and...
Following the record-high remittances in December last year, Filipinos working and living overseas remitted a relatively lower amount in January, largely due to the seasonal drop in remittances following the holiday spending surge. Data from the Bangko Sentral ng Pilipinas (BSP) showed that cash...
GCash, the Philippines’ leading e-wallet, is partnering with United Kingdom (UK)-based financial technology firm BCRemit to ease the money transfers of overseas Filipinos (OFs) in Europe and the United States (US) into the Philippines. GCash said beginning this month, Filipinos in the UK, Spain,...
The House of Representatives has overwhelmingly passed on third and final reading the measure that seeks to slash by half the remittance fees of overseas Filipino workers (OFWs). Garnering 174 affirmative votes during plenary session Tuesday, Nov. 19 was House Bill (HB) No. 10959, or the...
(MANILA BULLETIN) The House of Representatives has approved on second reading two measures that aim to strengthen financial safeguards for Overseas Filipino Workers (OFWs). Sponsored by Tingog Party-list Rep. Jude Acidre, both House Bill (HB) No....
State-owned Bases Conversion and Development Authority (BCDA) has doubled its dividend remittance to support the government’s spending and strengthen economic growth. In a statement on Wednesday, April 24, BCDA reported that it has remitted P1.1 billion in dividends to the Bureau of...
PERA HUB, the Philippines’ emerging remittance and financial services provider, said it has established presence in over 3,000 locations nationwide for the past 25 years, bringing relevant remittance and cash-related transaction services to Filipinos. The company reported its accomplishment...
Pouch has partnered with Strike to facilitate fast, secure, and low-cost remittance payments from the U.S. to the Philippines. Customers, including Filipino expats in the U.S., can now send U.S. dollars to the Philippines and have the funds received as Philippine pesos in a recipient's bank or...
Mindful of his father's legacy, Davao City 1st district Rep. Paolo Duterte is pursuing the passage of a bill that would provide overseas Filipino workers (OFWs) discounted rates on remittance fees. Davao City 1st district Rep. Paolo Duterte (left) and former president Rodrigo Duterte (Rep....
BayaniPay, a Los Angeles-based Filipino fintech company, targets to get 20 percent of the $146 billion global market for Filipino remittances in three years, CEO Winston Damarillo told reporters. Already, BayaniPay is the first cross-border digital financial service for the 4.2 million strong...
