OFW remittance rise 2.5% in July as more Filipinos seek jobs abroad
Filipinos living and working overseas, including those working on passenger and cargo ships, sent home $3.32 billion in July, up 2.5 percent from the $3.24 billion they remitted in the same month last year, the Bangko Sentral ng Pilipinas said.
Expanded accounting helped push foreign debt $10.2B higher in June
The country stock of foreign debt stood $10.2 billion higher as at end-June this year to $117.9 billion, driven higher by loans contracted by...
Japan supports the Philippines in reducing marine litter
Economic Affairs Minister NIHEI Daisuke of the Embassy of Japan in the Philippines joined the culmination event of the Healthy Oceans and Clean Cities Initiative (HOCCI) on Friday.
Six-month BOP ends as surplus of $2.3B
The Philippines generated far more revenue than expense in the first six months this year as the country’s balance of payments (BOP) reverted into surplus of $2.3 billion from last year’s deficit of $3.1 billion.
BOC forfeits P42M smuggled rice in Zamboanga City
The Bureau of Customs-Port of Zamboanga (BOC-POZ) forfeited 42,180 sacks of rice worth P42 million following a raid of a warehouse in Brgy. San Jose Gusu, Zamboanga City.
