Coca-Cola bridged the distance between Filipino families and loved ones working abroad by launching “SoundOfHome.FM,” a 24-hour Christmas Day broadcast dedicated to Overseas Filipino Workers in Australia.
Overseas Filipinos are increasingly looking beyond day-to-day remittances, focusing instead on savings, protection, and wealth-building that can secure their families’ futures back home.
Hotel101 Group has joined forces with the Department of Tourism (DOT) and the Department of Migrant Workers (DMW) to expand financial and livelihood opportunities for overseas Filipino workers (OFWs) through a new initiative under the Balik Bayani sa Turismo Program.
Since the start of 2024, expatriate Filipinos working or living around the world have sent home a total of $24.7 billion. This growth reflects the consistent flow of remittances from both land-based workers with long-term contracts and sea- and land-based workers with shorter engagements.
This steady growth is largely driven by land-based workers with long-term contracts, as well as sea- and land-based workers with shorter-term contracts, the Bangko Sentral ng Pilipinas said in a statement on Monday.
The Bangko Sentral ng Pilipinas said this growth was primarily driven by higher remittances from land-based workers with contracts of one year or more, as well as sea- and land-based workers with shorter contracts.