From left: Jose Luis Reyes, VP - Head of Enterprise & Public Sector, GCash; Winsley Bangit, Chief Customer Officer, GCash; Ambassador Philippe Jones Lhuillier, Chairman and Founder, Cebuana Lhuillier; Filemon Cabungcal, Chief Financial Officer, Cebuana Lhuillier; and Stephen Yap, Head of...
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....
Senator Cynthia Villar has filed Senate Bill (SB) 1014, or the "Overseas Filipino Workers (OFWs) Remittance Protection Act", for the purpose of protecting the money remittances of Filipino migrant workers. Villar, a known advocate of OFWs, has been crafting measures to ensure the protection and...
Four-term Senator Loren Legarda is pushing for the protection of Overseas Filipino Workers' (OFW) money remittances. “The money remitted by OFWs to their beneficiaries in the Philippines goes through intermediaries or financial institutions. In the course of transfer, the amount supposedly...
Outgoing Foreign Affairs Secretary Teodoro Locsin Jr. paid tribute to the millions of Filipino migrant workers for their crucial contributions to their families and to the country during the International Day of Family Remittances on Tuesday, June 28. Overseas Filipino workers (Photo by Ariel...
Logo Homegrown fintech startup NextPay partnered with local online-to-offline (O2O) payments provider Ayannah so users can disburse funds to unbanked recipients, estimated at seven out of ten Filipinos. The partnership enables small businesses to send money to employees, suppliers, and customers...
Smart Padala by PayMaya, one of the leading financial service providers in the Philippines, and Western Union, a global leader in cross-border, cross-currency money movement and payments, have come together to offer Western Union money transfer services at select Smart Padala agents across the...
Senator Joel Villanueva said the funds intended for helping distressed overseas Filipino workers (OFWs) should be increased in the 2022 proposed national budget. Senator Joel Villanueva honors women overseas Filipino workers (OFWs) in observation of National Women’s Day during the hearing of the...
The Civil Aviation Authority of the Philippines (CAAP) has handed over P21.127 billion in remittances to the National Treasury from 2017 to 2020--a huge uptick when compared to its fiscal output in the years before the Duterte administration. CAAP Director General Jim Sydiongco (Screengrab from...
Bank-transferred remittances for the first month of 2021 was down to $2.603 billion or 1.7 percent lower from same period last year of $2.648 billion. The January cash remittances was also lower compared to December 2020’s $2.890 billion or by 9.9 percent, based on Bangko Sentral ng Pilipinas...
Overseas Filipinos’ cash remittances reached $27.013 billion as of end-November 2020, down 0.8 percent year-on-year from $27.231 billion same time in 2019, the Bangko Sentral ng Pilipinas (BSP) reported Thursday. The BSP had projected that cash remittances will contract by two percent in 2020 due...
Latest WB report on PH As many as 2.7 million Filipinos will slip into poverty this year due to the economic disruptions brought about by the coronavirus pandemic, the World Bank said. In a report, “Philippines Economic Update,” the Washington-based institution estimated that poverty rate...
