Manila Cebu Tacloban Ormoc Real Estate For Sale
Cebu Marco Polo Luxury Residences Condos
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August 19, 2015 - Overseas Filipino Workers Remittances Strong and Growing
Personal Remittances Sustain Growth in June 2015; First Semester Level Rises to US$13.4 Billion By The Philippine Central Bank
Personal remittances from overseas Filipinos (OFs) grew by 5.8 percent year-on-year in June 2015 to reach US$2.4 billion, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. announced today.1 This brought personal remittances for the first half of 2015 to US$13.4 billion, 5.3 percent higher compared to US$12.7 billion in the same period last year. The sustained growth in personal remittances for the first half of the year was boosted by the continued remittance inflows from land-based workers with contracts of at least one year (6.1 percent) and sea-based and land-based workers with short-term contracts (3.7 percent).
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