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Remittances from overseas Filipino workers climbed to $19.76 billion last year.

MANILA — The Philippines ranks as the fourth biggest recipient of remittances worldwide with an estimated $21.3-billion inflow this year, a new World Bank (WB) study showed.

MANILA — The electronics industry is expecting exports to hit $50 billion in six years and investments to reach $2 billion in 2011 from only $1 billion this year.
“We will double up in the coming years. We have finished the roadmap and we will hit $50 billion in exports by 2016,” Semiconductors and Electronics Industry of the Philippines (SEIPI) President Ernesto Santiago said in an interview with reporters.

ENGLEWOOD, Colorado — The Western Union Company (NYSE:WU) announced that consumers can now send money transfers from nearly 70,000 Western Union agent locations in 27 countries directly to Globe Telecom and Smart Communications mobile subscribers in the Philippines.

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