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Jamaica: Remittances Update Feb. 2012 Remittances grew by 5.4% in first quarter
Friday, 18 May 2012 09:50
Source: Philippine Daily InquirerBy: Michelle V. Remo
Workers abroad sent home $1.7B in March alone
Remittances to the Philippines again rose in March to $1.7 billion—up by 5 percent from the $1.62 billion reported in the same month last year, according to the Bangko Sentral ng Pilipinas.
This brought total remittances for the first quarter to $4.84 billion—an increase of 5.4 percent from the $4.59 billion recorded in the same period last year.
Philippine Peso Rises to 12-Week High on Remittances; Bonds Gain
Monday, 07 May 2012 15:50
Source: BloombergBy: Lilian Karunungan
The Philippine peso reached a 12-week high on speculation funds sent home by Filipinos working abroad are increasing. Bonds rose.
Remittances account for about 10 percent of the $200 billion economy, and inflows usually accelerate before the opening of the regular school term in June. They quickened to a 6.9 percent pace in May 2011 from a year earlier after an increase of 6.3 percent the previous month, central bank data show.
Read more: Philippine Peso Rises to 12-Week High on Remittances; Bonds Gain
Mexico's March remittances up 1.4% on year
Monday, 07 May 2012 14:19
Source: Wall Street JournalBy: Anthony Harrup
Mexicans working abroad sent home $2.08 billion in March, an increase of 1.4% from the same month of 2011, the Bank of Mexico said Wednesday.
The March remittances, made up of 6.2 million transfers at an average of $336 per transfer, brought remittances for the first quarter to $5.37 billion, a 5.3% increase from the first three months of 2011. The increase marked a slowdown from February's 8.5% rise.
Bangladesh: Remittance inflow slows a bit
Monday, 07 May 2012 14:00
Source: The Daily Star
Inward remittances fell 2.43 percent to $1.08 billion in March compared to a month ago, but the overall growth in the first ten months of the current fiscal year reached near 11 percent.
During the period, more than $1 billion was remitted from abroad by Bangladeshi migrant workers every month, except September and November, according to data from the central bank.