Remittances

Harper announces support to improve remittance services
The Philippine Reporter
April 21, 2015
The Harper government’s plan to launch a remittance service and price comparison website. “Canada ranks among the ten largest outbound markets in the world, with remittance flows totalling an estimated U.S. $23.1 billion transferred in 2014…”
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NDP MP, MPP to table bills to cap remittance fees
The Philippine Reporter
April 21, 2015
Plans from the NDP government to lower remittance fees. “‘Currently, families are forced to pay fee of up to 20% or higher to send money back to their families’ said NDP Industry Critic Peggy Nash…”   
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Remittances: 24$ billion a year sent home from Canada
The Vancouver Sun
July 31, 2014
“Every day, thousands of immigrants and migrant workers in Metro Vancouver head to the nearest money transfer outlet to send money home…These remittance centres are the unassuming face of a globalized money transfer industry that has tripled in value in a decade — to $529 billion a year, according to the World Bank…”
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Money from expats built the Philippines. Did it also ruin it?
The Toronto Star
June 30, 2014
Government officials hail overseas workers as “modern heroes,” but remittances come with a cost. They make politicians complacent as Filipinos pay for health care, education and other services the government arguably should be providing…  Most of all, the departures strain the country’s social fabric: children are separated from their mothers and fathers for years, left to be raised by grandparents and aunts and uncles…”
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$24B left Canada in 2012, here’s what happened to it
The Toronto Star
June 20, 2014
“In Pozorrubio, an agricultural city north of Manila, remittance money has had a multiplier effect. Residents have used remittances to start businesses like daycares, Internet cafes and car rental services. Donations from abroad have helped to finance a rural health centre and have paid for the city’s fire truck…”
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Falling remittances foretell gloomier consumption, growth
The Philippine Reporter
June 26, 2009
” Remittance from overseas Filipinos continued to slow in with year-on-year growth of just 2.2% in April which is down from 3.1% in March and 4.9% in February, according to newly-released data from the Bangko Sentral ng Pilipinas (BSP)…”
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OFW remittances to the Philippines to fall in 2009
Bulatlat
March 1, 2009
Remittances Slowing Amid Rising OFW Deployment. July 22, 2009.
“While government economic managers report that overseas Filipino remittances are increasing, actual remittances or transfers are in fact slowing…”
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