Thursday, 26 July 2007

Filipinos Jan-May remittances from Dubai surge 76.48 per cent

BY JOSE FRANCO 17 July 2007
DUBAI — Technological innovations in transferring remittances prompted a 76.48 per cent growth in the amount of money that Filipino workers in Dubai sent to their families back home during the first five months of the year compared to the same period in 2006.

In the latest statistics released yesterday by the Bangko Sentral pilipinas (Central Bank of the Philippines), or BSP, remittances by overseas Filipino workers (OFWs) from Dubai reached Dh534.44 million from January to May this year compared to some Dh302.84 million for the same period last year. [Read more]

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