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News Articles

Provinces growing, but people remain poor

Despite the growing economy, the plight of the poor still remains as they are being left behind in the development process. Economic Planning Secretary Arsenio Balisacan points out the reasons behind this phenomena and shared strategies to address and improve the situation.

Overseas Filipinos sent USD 22.8 Billion in 2013

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BSP reports that remittances hit an all-time high of 22.8 billion US Dollars for the year 2013. For December alone, overseas Filipinos sent home a record 2.2 Billion US Dollars. The amount is an increase of 6.4 percent  year on year. USD 22.8 billion dollars represent about 8.4 percent of Gross domestic product in 2013.

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