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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...
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.
Eight-month tourist arrivals hit 3.66M
Foreign visitors arrival in the Philippine between January and August this year reached a total 3.66 million, 38 percent more than the total tourist arrivals for the whole of 2022, data from the Department of Tourism showed.
El Niño could throw off forecast 2023 inflation, Moody’s unit says
Experts consider the El Nino weather disturbance as aggravating factor to high inflation that could throw off expectations of moderating consumer prices in the waning months of the year.
