
OFWs send less money home as remittances hit three-month low
Cash remittances reached $3.03 billion in August, the lowest monthly level in three months, as the peso weakened and global uncertainties weighed on overseas Filipino workers.
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Cash remittances reached $3.03 billion in August, the lowest monthly level in three months, as the peso weakened and global uncertainties weighed on overseas Filipino workers.
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Maya is pushing for payroll portability and Open Finance to give Filipino workers more choice over salary deposits and access to financial services.
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Repatriated Pag-IBIG members can access early savings withdrawals and a three-month housing loan payment break to help manage finances after returning home.
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Pag-IBIG Fund has raised its maximum housing loan ceiling to ₱10 million, giving qualified Filipino workers more financing options for homes in urban areas.
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Pag-IBIG Fund’s net income reached ₱16.772 billion in the first quarter of 2026, strengthening the savings, dividends, and housing programs available to its members.
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Mactan-Cebu International Airport has opened a dedicated OFW Lounge and Facilitation Center to make departures, arrivals, and government transactions more convenient for overseas Filipino workers.
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Senate Bill No. 1910 aims to provide OFWs and their families with free financial literacy training covering saving, investing, and money management.
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