{"id":29040,"date":"2014-10-16T12:34:42","date_gmt":"2014-10-16T04:34:42","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=29040"},"modified":"2014-10-16T18:37:06","modified_gmt":"2014-10-16T10:37:06","slug":"august-remittances-rise-amid-ofw-demand","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/10\/16\/august-remittances-rise-amid-ofw-demand\/","title":{"rendered":"August remittances rise amid OFW demand"},"content":{"rendered":"<figure id=\"attachment_28337\" aria-describedby=\"caption-attachment-28337\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_180078383.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-28337\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_180078383-300x187.jpg\" alt=\"Shutterstock Photo\" width=\"300\" height=\"187\" \/><\/a><figcaption id=\"caption-attachment-28337\" class=\"wp-caption-text\">Shutterstock Photo<\/figcaption><\/figure>\n<p>MANILA \u2013 As demands for Filipino labor remained strong overseas, remittances for the month of August continued to increase.<\/p>\n<p>\u201cThe increase in remittances was driven largely by the steady increase in transfers from land-based workers with work contracts of one year or more,\u201d the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.<\/p>\n<p>A data from BSP indicated that OFWs sent a total of $2.05 billion worth of remittances, a figure that is 6 percent higher, on a year-on-year basis.<\/p>\n<p>From January to August, the remittances increased by up to 5.8 percent to $15.5 billion.<\/p>\n<p>BSP is now expecting the total remittances of the country for all of this year to further rise by 5 percent to about $25 billion.<\/p>\n<p>The increase is despite the political tensions in the Middle East where the number of overseas Filipino workers (OFW) remain significant.<\/p>\n<p>Almost $23 billion accounted for over 8 percent of the country\u2019s gross domestic product recorded in last year\u2019s remittances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 As demands for Filipino labor remained strong overseas, remittances for the month of August continued to increase. \u201cThe &hellip;<\/p>\n","protected":false},"author":44,"featured_media":28337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5601],"class_list":["post-29040","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-remittances","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/29040","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=29040"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/29040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/28337"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=29040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=29040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=29040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}