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                    [ArticleID] => 261073
                    [Title] => OFW remittances surge 19.4% to $706M in June
                    [Summary] => After declining in May, remittances from overseas Filipino workers recovered dramatically in June, surging by 19.4 percent as workers adjusted to the strict bank requirements imposed in the Middle East. 


Data released by the Bangko Sentral ng Pilipinas (BSP) yesterday show that OFW remittances reached $706 million in June, bringing the six-month total to $4 billion, about 2.6 percent higher than last year’s first semester total. 


                    [DatePublished] => 2004-08-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 257699
                    [Title] => OFW remittances drop to $3.3B in January-May
                    [Summary] => Remittances from overseas Filipino workers (OFWs) reached $3.3 billion in the first five months of the year, dropping by a marginal 0.4 percent due to a considerable decline in May inflows. 


As financial regulations tightened in the Middle East, the Bangko Sentral ng Pilipinas (BSP) said remittances continued to decline in May after going down drastically in April. 


Data from the BSP showed that the weakness of the peso shortly before the May elections even resulted in a drop in dollar remittances as OFWs waited for a bigger drop in the peso-dollar exchange rate. 


                    [DatePublished] => 2004-07-16 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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COUNTER TERRORIST FINANCING

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                    [ArticleID] => 261073
                    [Title] => OFW remittances surge 19.4% to $706M in June
                    [Summary] => After declining in May, remittances from overseas Filipino workers recovered dramatically in June, surging by 19.4 percent as workers adjusted to the strict bank requirements imposed in the Middle East. 


Data released by the Bangko Sentral ng Pilipinas (BSP) yesterday show that OFW remittances reached $706 million in June, bringing the six-month total to $4 billion, about 2.6 percent higher than last year’s first semester total. 


                    [DatePublished] => 2004-08-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                    [URL] => 
                )

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                (
                    [ArticleID] => 257699
                    [Title] => OFW remittances drop to $3.3B in January-May
                    [Summary] => Remittances from overseas Filipino workers (OFWs) reached $3.3 billion in the first five months of the year, dropping by a marginal 0.4 percent due to a considerable decline in May inflows. 


As financial regulations tightened in the Middle East, the Bangko Sentral ng Pilipinas (BSP) said remittances continued to decline in May after going down drastically in April. 


Data from the BSP showed that the weakness of the peso shortly before the May elections even resulted in a drop in dollar remittances as OFWs waited for a bigger drop in the peso-dollar exchange rate. 


                    [DatePublished] => 2004-07-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

OFW remittances surge 19.4% to $706M in June

By Des Ferriols | August 13, 2004 - 12:00am

After declining in May, remittances from overseas Filipino workers recovered dramatically in June, surging by 19.4 percent as workers adjusted to the strict bank requirements imposed in the Middle East. Data released...

Business

OFW remittances drop to $3.3B in January-May

By Des Ferriols | July 16, 2004 - 12:00am

Remittances from overseas Filipino workers (OFWs) reached $3.3 billion in the first five months of the year, dropping by a marginal 0.4 percent due to a considerable decline in May inflows. As financial regulations...

Business