Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Overseas Filipino Workers (OFW) Saving More

leave a comment »

Photo by mang M at

Banko Sentral ng Pilipinas (Central Bank of the Philippines) says half of OFW families are saving more money remitted to them, rising 50 percent more than usual, while remittances allocated to investments decreased.

There are approximately 11 million Filipinos working in other countries or 11 percent of the population of the Philippines. In January, remittances from overseas Filipinos amounted to $1.4 billion, posting a year-on-year growth of 8.5 percent.

Read more at Manila Bulletin


Written by Raffy Pekson II

March 27, 2010 at 7:42 pm

Comments only. No ads, links or unrelated replies.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: