OFW Remittances, Agri Production Keep Growing To $7.7 Billion For First Quarter Of 2017
Malacañang on Thursday, May 18, announced a double digit
increase in personal remittances by overseas Filipino workers (OFWs) for March
as well as improved agricultural production for the first three months of the
year.
In a press briefing in Malacañang, Presidential Spokesperson
Ernesto Abella said personal remittances from OFWs increased by 11.8 percent to
$2.9 billion in March of 2017.
“This reflects the
8.1 percent increase on the total personal remittances for the first quarter of
2017 amounting to $7.7 billion,” Abella said.
“Such increase
underscores the strong demand for the skills and the competence of the great
Filipino workers,” he added.
The Palace official
also lauded the increase in agricultural production by 5.28 percent in the
first quarter of 2017, bouncing back from its performance during the fourth
quarter of last year.
“The Philippine agriculture performance increased by 5.28
percent recovering from a contraction in the fourth quarter of last year by
-1.11 percent,” Abella said.
Meanwhile, Abella said the government is implementing a plan
to address the floodings in three municipalities in Maguindanao.
“The DSWD Regional Office has already prepositioned the
goods and has standby funds intended for this purpose,” he underscored.
On 09 May 2017, heavy rainfall resulted in heavy flooding in
three municipalities in Maguindanao, namely Datu Salibo, Sultan Mastura,
Shariff Saydona Mustapha.
OFW Remittances, Agri Production Keep Growing To $7.7 Billion For First Quarter Of 2017
Reviewed by Yen
on
May 20, 2017
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