Tag: OFWs

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Personal remittances steadily rise in January to USD3.24B

Top News Context.ph Context.ph -
Personal remittances from overseas Filipinos (OFs) rose by 2.9 percent to USD3.24 billion in January 2025, compared to USD3.15 billion in the same period last year, marking a steady increase despite global economic challenges. This uptick in remittances, which are a critical driver of the Philippine economy, reflects the continued resilience of both land-based and sea-based Filipino workers abroad.

Global payments firm urges OFWs to welcome 2023 with better money habits

Banking & Insurance Context.ph Context.ph -
For many Filipinos, 2023 is a new year faced with the same economic challenges from 2022. Sustained high inflation has unfortunately made many Filipinos...

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ACMobility, Robinsons Land expand nationwide EV network 

Transport & Logistics 0
ACMobility has partnered with Robinsons Land Corporation to accelerate electric vehicle (EV) adoption in the Philippines through the rollout of more than 200 EV charging points across Robinsons Land properties nationwide starting this year.

DOTr secures P3.6-B loan to pay LRT-1 operator, boost rail services

Transport & Logistics 0
The Department of Transportation (DOTr) and the Light Rail Transit Authority (LRTA) signed a financing agreement with Land Bank of the Philippines (LANDBANK) to settle P3.6 billion in government obligations to Light Rail Manila Corporation (LRMC), the private operator of LRT-1.

ILO says Middle East turmoil threatens OFWs, Philippine economy 

Economy 0
The escalating crisis in the Middle East is beginning to weigh on global labor markets, with the International Labour Organization (ILO) warning that the Philippines faces growing economic risks due to its heavy dependence on overseas employment and remittance inflows.

TikTok expands MSME push in Visayas, Mindanao 

Communications & Technology 0
TikTok Shop is ramping up efforts to support more micro, small, and medium enterprises (MSMEs) across the Philippines, with plans to strengthen partnerships with local government units (LGUs) and expand its “Unlad Lokal” initiative deeper into the Visayas and Mindanao by 2026.

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