Monday, February 20, 2017

May 16 17, 12:04 am

Brand new house worth Dh500,000 awaits OFW in UAE

Overseas Filipino Workers (OFW) in the UAE, who were named one of top remittances contributors for the Philippines, will have the chance to win a house in the UAE by sending money to their families back home.

Overseas Filipinos in UAE top contributor in remittances

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Overseas Filipinos in the UAE were named one of the top contributors in terms of remittances for the month of March.

The Bangko Sentral ng Pilipinas (BSP) said this increase in remittances upped the total percentage of money sent by OFs by 8.1 percent compared last year. This, in turn, energized the first quarter of 2017, breaching record high of Dh28.2 billion.

Along with the UAE, the BSP attributed this rise in remittances to the Filipino expats in the United States, Canada, Japan and Hong Kong.

With millions of Filipinos working abroad, the Philippines is one of the largest receivers of remittances across the globe, playing a vital part in lifting the country’s economy.

Credit: Shutterstock

Brand new house worth Dh500,000 awaits OFW in UAE

Overseas Filipino Workers (OFW) in the UAE, who were named one of top remittances contributors for the Philippines, will have the chance to win a house in the UAE by sending money to their families back home.

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