Sunday, April 20, 2014   

Filipino remittances set to touch record levels
(12-23 12:41)

Remittances from Filipinos working aborad, including more than 100,000 domestic helpers in Hong Kong are forecast to reach a record US$23.6 billion next year.
Central Bank governor Amando Tetangco told local media, that inflows will rise by 5 percent over the US$22.5 billion forecast for 2013. reported that based on earliest remittances data on the central bank, from 1989, next year's forecast, if achieved, would be the highest ever recorded.
It has been estimated that Filipinos remitted US$23.8 billion in 2012.

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