Sunday, July 1, 2007

Overseas Filipino workers send $1.2B in remittances back home

Filipinos working overseas, including nurses, sent home a total of $1.2 billion in remittances in April this year alone. That's 32.6% higher compared to the same period last year.

The Bangko Sentral ng Pilipinas says that overseas Filipino workers have already sent a total of $4.7 billion in the first four months of 2007, or more than 26.1% compared to the same period last year.

The government is expecting over $13.5 billion in remittances for the entire year, up from the 2006 total of $12.8 billion.

Of the eight million overseas workers, there's an estimated 163,756 Filipino nurses working in various countries all over the world.

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