Sunday 21 July
Pinoy seamen send more money home in Feb Apr 15, 2019 @ 18:40

Pinoy seamen send more money home in Feb

 

Is the pay getting better at sea?

The Bangko Sentral ng Pilipinas (BSP) reported steady cash remittances in February, with the number clocking in at $2.3 billion versus $2.27 billion a year ago.

This brought the two-month tally to $4.78 billion, up by 3% from $4.65 billion in 2018.

While land-based overseas workers sent the bulk at $3.73 billion, the central bank took note of a 10.5% spike in remittances from sea-based Pinoys working abroad.

One-third of the remittances were from the US, followed by Pinoys in Saudi Arabia, Singapore, United Kingdom, United Arab Emirates, Japan, Canada, Qatar, Hong Kong, and Germany.

Please follow and like us:
error

Tags: , , , , , , , , , , , ,

Related Stories
The world is definitely taking notice of the Philippines, with a global business magazine citing
A US banker was charged Thursday with approving millions of dollars in loans to President
Both the government and local banks are to blame for this.
Fastfood giant Jollibee Foods Corp. has earmarked P17.2 billion for its capital spending program this


 

Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.