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NEWS UPDATES Asean Affairs   December 18,  2017  

Remittances up 9.7% in Oct. —BSP

Money sent home by overseas Filipinos rose by 9.7 percent in October from a year earlier, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

Personal remittances totaled $2.6 billion in October, up 9.7 percent from $2.3 billion a year earlier, BSP Governor Nestor Espenilla Jr. said.

Personal remittances sum up the net compensation of employees, along with personal transfers—in cash or in kind—and capital transfers between households.

In the first 10 months of the year, personal remittances reached $25.10 billion—up 5.2 percent from $24.434 billion in January to June last year.

Cash remittances through banks went amounted to $2.275 billion in October, up 8.4 percent from $2.099 billion a year earlier.

In the 10 months to October, cash remittances totaled $23.056 billion from $22.124 billion year-on-year.

Cash remittances from the US, United Arab Emirates, Saudi Arabia, Singapore, Japan, United Kingdom, Qatar, Kuwait, Germany and Hong Kong comprised 80.2 percent of total cash remittances in January to October, the central bank noted. — Margaret Claire Layug/VDS, GMA News

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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