Money sent home by overseas Filipinos (OFs) fell to $2.72 billion in April, dropping from the $2.87 billion recorded in March to hit its lowest level since May last year, as tighter budgets constrained cash transfers. According to the latest data from the Bangko Sentral ng Pilipinas (BSP) released...
TEL AVIV, Israel—A single tray of pork longganisa, of corned beef and of rice would have passed on as typical Filipino breakfast except it was served here, where anything that reminded of home gave at least warmth for the heart of overseas Filipino workers (OFWs) who have chosen to stay, even on...
Tingog Party-list Representative Jude Acidre pushed for stronger reintegration laws for overseas Filipino workers (OFWs) so that they can come home to the Philippines with real opportunities. Acidre said it is imperative that the govvernment honor OFWs, not only as modern-day heroes, but as...
The Bangko Sentral ng Pilipinas (BSP) would likely continue hiking interest rates this year despite the lower-than-expected inflation rate in May, even as the pace of monetary policy tightening may be more gradual as economic growth remains subdued, according to Singapore-based United Overseas Bank...
President Marcos has assured overseas Filipino workers (OFWs) that they can rely on assistance whenever they need it wherever they may be. In his message for the Migrant Workers ' Day on Sunday, June 7, Marcos recognized the goodness, excellence, and resilience of OFWs in every corner of the...
Sandara Park, a member of K-pop girl group 2NE1, has been appointed as a goodwill ambassador for the Overseas Koreans Agency (OKA). The agency, headed by Commissioner Kim Kyung-hyup, held an appointment ceremony for Sandara, also known as Dara, on June 4 at its headquarters in Incheon, South Korea....
SteelAsia Manufacturing Corp., the Philippines’ largest steel producer, has recruited a cohort of repatriated overseas Filipino workers (OFWs) to commission the country’s first structural steel sections mill, a move aimed at replacing imports and advancing national industrialization. The...
Philippine economic growth needs “a major impetus” after slowing to its weakest pace since the pandemic recovery period, with rising inflation, higher interest rates, and the prolonged Middle East conflict expected to weigh on the country’s property sector, according to property consultancy...
President Marcos has met with Japan International Cooperation Agency (JICA) President Dr. Tanaka Akihiko in Tokyo to strengthen one of the Philippines’ “most important development partnerships,” with discussions centering on infrastructure modernization, healthcare, climate resilience, and...
The research arm of German lender Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver bigger interest rate hikes than previously anticipated as inflation risks intensify, while also lowering its economic growth forecasts for the Philippines amid mounting external pressures and...
Philippine economic growth would continue to underperform this year and next as the country faces not only headwinds from a prolonged war in the Middle East but also domestic challenges related to politics and corruption, according to the Institute of International Finance (IIF). The IIF’s latest...
The ongoing conflict in the Middle East is beginning to threaten jobs, remittances, and labor markets across the Asia-Pacific region, including the Philippines, according to the Geneva-based International Labor Organization (ILO). In its latest Employment and Social Trends: May 2026 Update titled...
