Economy

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MANILA — Remittances from overseas Filipino workers (OFWs) climbed 7.6 percent in January amid the outbreak of tension in Middle East and North African (MENA) states, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.

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Vice President Jejomar C. Binay (right) talks to Filipino Reporter publisher/editor-in-chief Bert Pelayo at the Philippine Embassy residence in Washington, D.C. on Feb. 4.  (Photo courtesy of the Philippine Embassy)

 

Exclusive to the Filipino Reporter

WASHINGTON — Vice President Jejomar C. Binay’s five-day whirlwind visit to the United States was something of a political oddity.

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Ex-President and current Pampanga Rep. Gloria Macapagal-Arroyo.

 

WASHINGTON — The Philippines slipped six places to 115 in the latest index of economic rankings of 179 countries around the world.

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The International Monetary Fund said it expects that growth in the Philippines will average 7 percent in 2010 and 5 percent in 2011.

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