from Filipinos abroad grew for the 2nd consecutive month, beating most analyst projections of another contraction amid the coronavirus pandemic.
The higher figure narrowed the cumulative remittances contraction in January to July to 2.4%, which is equivalent to $18.658 billion. Mapa also said the surprise jump in remittances may be traced to the lifting of strict lockdowns in host countries, which allowed Filipinos to return to work and remit funds after staying in their homes for an extended period of time.
However, remittances from sea-based workers fell by 9.2% from $613 million posted a year ago to $557 million in July 2020, mainly due to the repatriation of sea-based workers affected by the pandemic.
Of course! Part of this ride is the remittances for hospitalization of our covid-infected family members. Tae kasi tong gubyerno! Walang matinong polisiya. Leche! Ang hirap magkasakit sa Pilipinas lalo na kung Mahirap ka!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada inflation stable in August 2020, prices up 0.1%Gasoline prices remain low while prices for restaurant meals rise in Canada in August 2020.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Robin sa mga nawawalang Pinoy seaman: Mag-alay tayo ng taimtim na panalangin para sa kanilaBINIGYANG-PUGAY ni Robin Padilla ang mga kababayan nating OFW na patuloy na tinitiis ang hirap sa ibang bansa para mabigyan ng magandang buhay ang kanilang mga pamilya dito sa Pilipinas. Malaki ang ambag ng mga OFW sa ekonomiya ng Pilipinas sa pamamagitan ng kanilang remittances na sa bawa’t sentimo ay katumbas ng dugo’t pawis nila. […] banderainquirer umepal na nmn itong si Robin Padilla. eh iyong nawawalang 19 pimoy fishermen na binangga ng Chinese vessels,may ganito ka bang dalangin for them!? ulol!
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Robin sa mga nawawalang Pinoy seaman: Mag-alay tayo ng taimtim na panalangin para sa kanilaBINIGYANG-PUGAY ni Robin Padilla ang mga kababayan nating OFW na patuloy na tinitiis ang hirap sa ibang bansa para mabigyan ng magandang buhay ang kanilang mga pamilya dito sa Pilipinas. Malaki ang ambag ng mga OFW sa ekonomiya ng Pilipinas sa pamamagitan ng kanilang remittances na sa bawa’t sentimo ay katumbas ng dugo’t pawis nila. […]
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Foreign direct investments rise 7.1% in June 2020 as world economy slowly reopensThe Bangko Sentral ng Pilipinas says foreign direct investments grew as advanced economies with investment interest in the Philippines gradually reopened.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
POC president welcomes PH Esports Organization as associate memberThe elimination games of the Philippines Qualifiers for the IESF World Championships will be held on September 18 to 20. BrandRap LiveSmart
Source: rapplerdotcom - 🏆 4. / 86 Read more »
PH tycoons' fortunes fall as pandemic disrupts businesses, Sy siblings richest: Forbes
Source: ANCALERTS - 🏆 26. / 50 Read more »