When sending wire transfer or remittances to BDO, BPI, Metrobank, Landbank, DBP, or any other Philippine bank, you’ll need the SWIFT Code (also called BIC) which you can find in this list! Make sure you’re using the right bank code because if you provide the
Filipinos working abroad, also known as Overseas Filipino Workers (OFW), do not lose their basic rights as citizens of the Philippines despite working and being physically present in another country.
Every year, it is estimated that more than a million Filipinos leave to work abroad, or around 4,500 Filipinos every day. Data from the Philippine Overseas Employment Administration (POEA) shows that roughly 9.5 million to 12.5 million Filipinos currently work or reside abroad. This translates to around 10-11%
President Noynoy Aquino recently announced that he is instructing the Overseas Workers Welfare Administration (OWWA) to set aside P1 billion (US$23.5 million) as “reintegration fund” from which returning Overseas Filipino Workers (OFWs) can borrow money. The goal is definitely noble but it is our hope
Good news to all Overseas Filipino Workers (OFWs)! All OFWs are now exempted from paying documentary stamp taxes (DST) on remittances, travel tax, and airport fee as the new Migrant Workers Act or Republic Act 10022, recently lapsed into law without President Gloria Macapagal-Arroyo’s signature.
The Philippine Peso might reach P41.50 to the dollar by end-2007, and can further appreciate to P37.50 next year, according to CitiGroup Inc. The global banking giant said the continuing rise of the peso will be caused by the robust flow of remittances from overseas
According to a GMANews.tv report, as much as 20,000 jobs are waiting for Filipinos in Guam, a United States territory, in the next 3 to 5 years. Without a doubt, the cheap but skilled Filipino manpower is still in great demand in the international market.