{"id":22357,"date":"2014-08-16T18:09:49","date_gmt":"2014-08-16T10:09:49","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=22357"},"modified":"2014-08-28T23:50:30","modified_gmt":"2014-08-28T15:50:30","slug":"remittances-increased-by-5-9-in-june","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/08\/16\/remittances-increased-by-5-9-in-june\/","title":{"rendered":"Remittances increased by 5.9% in June"},"content":{"rendered":"<figure id=\"attachment_11887\" aria-describedby=\"caption-attachment-11887\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/pesos-money.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11887\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/pesos-money-300x194.jpg\" alt=\"ShutterStock image\" width=\"300\" height=\"194\" \/><\/a><figcaption id=\"caption-attachment-11887\" class=\"wp-caption-text\">ShutterStock image<\/figcaption><\/figure>\n<p>MANILA &#8212; Rising to its highest level since last December, remittances increased by 5.9 percent in June as Filipino workers continued sending cash from overseas.<\/p>\n<p>\u201cRemittances remained robust on the back of stable demand for skilled Filipinos abroad,\u201d the Bangko Sentral ng Pilipinas (BSP) said in a statement issued on Friday.<\/p>\n<p>Overseas Filipino workers&#8217; cash remittances reached $2.05 billion in June &#8212; the highest figure to be recorded since December.<\/p>\n<p>This is also following the expansion of remittance networks outside the country which made it more convenient for OFWs \u00a0to send remittances to the Philippines.<\/p>\n<p>Cash remittance is among the country&#8217;s largest source of foreign exchange income \u00a0which aids in increasing the peso&#8217;s value in the case of volatile investment inflows.<\/p>\n<p>For 2014, BSP is expecting more cash remittances with the growth of at least 5 percent to about $24 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; Rising to its highest level since last December, remittances increased by 5.9 percent in June as Filipino workers &hellip;<\/p>\n","protected":false},"author":44,"featured_media":11887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[7397],"class_list":["post-22357","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cash-remittances","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/22357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=22357"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/22357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11887"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=22357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=22357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=22357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}