Author: DAVAO TODAY

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Philippines: BPI joins fray to capture remittance from Pinoys in Europe

by WILLIAM ALZONA
www.ofwjournalism.net

MAKATI CITY, Philippines –BEFORE sliding to third position in the Philippine banking industry, Ayala family-led Bank of the Philippine Islands set its eyes on the profitable remittance market that Philippine National Bank previously dominated.

But with its shareholder hobbled by regulations in the United States, where bulk of remittances from some eight million overseas Filipinos go through, BPI settled for the United Kingdom.
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Philippines: IMF team affirms weak link between OFW money, investments

by JEREMAIAH M. OPINIANO
www.ofwjournalism.net

MANILA, Philippines ? A team from the International Monetary Fund observed that remittances from an estimated eight million Filipinos abroad have not led to increased investments.

Ever since the country?s investment ratio has steadily declined since the 1997 Asian financial crisis, increasing remittances ?has not increased investment,? IMF?s Ayako Fujita and Srikant Seshadri wrote in a policy analysis paper of selected Philippine economic issues done by a six-person IMF team.

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Remittances from Philippines, Other Countries Help Foil Another Asian Financial Crisis: WB Study

by ISAGANI DE LA PAZ
www.ofwjournalism.net

MANILA, Philippines ? Across the East Asia region sweeps the wind of prosperity and cash remittances as well as knowledge capital by migrant workers has helped economies become more robust a decade after a devastating crisis.

Aside from the Philippines, the World Bank cited remittances from workers overseas also helped other countries like Vietnam and Mongolia to beef up cash reserves. Hence, remittances could soften and may even foil a repeat of the 1997 Asian crisis ?if ever there would be one in the near future.
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US Filipinos get involved in Philippines election through text messaging

Hundreds of Filipino-Americans started a massive campaign of sending
cell phone text messages containing the message:

“KUNG MAHAL MO ANG BAYAN
PANDARAYA LABANAN.
POL KILINGS TUTULAN!
SA TRAPO WAG PALOKO
PROGRESIBO IBOTO.
VOTE KABATAAN PARTY!
PLS FWD TO 10 PPL.
FROM TEXT BACK-USA”
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IFJ joins global campaign for an independent Radio Television Hong Kong (RTHK)

The International Federation of Journalists (IFJ) has given its full support to an international campaign aimed at ensuring popular broadcaster Radio Television Hong Kong (RTHK) remains free from government interference and is transformed into a truly independent public broadcaster.

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