Monsod: Remittance boycott won't hurt economy

Asia United Bank (AUB) HelloMoney e-wallet application is not actually down due to the “zero remittance week” call by overseas Filipino workers (OFWs).

Monsod: Remittance boycott won't hurt economy

ECONOMIST and former National Economic and Development Authority chief Solita Monsod dismissed concerns that the planned "Zero Remittance Week" by overseas Filipino workers (OFWs) protesting former president Rodrigo Duterte's arrest would cripple the economy. In an interview Thursday, Monsod acknowledged the right of OFW to protest but argued that a one-week halt in remittances would have minimal economic repercussions. Monsod said the economy r…

Crypto Complicates OFW ‘Zero Remittance Week’ Push — But Impact May Be Overhyped, Says Expert

In response to online chatter about using cryptocurrency as a workaround during an organized remittance pause, Luis Buenaventura, crypto though leader and Head of Crypto at GCash, said the reality is far less dramatic.

The Rise in Remittances to Albania: A Lifeline for Vulnerable Families

In 2024, Albanian emigrants sent over 1 billion euros back to their families, with the largest contributions coming from children and relatives residing in Greece, Italy, the United States, Germany, France, and Belgium. According to data from the Bank of Albania, remittances increased by a significant 116 million euros compared to 2023. Eris Dhamo, a sociologist and professor, explains the crucial role of remittances in Albania’s economy, especi…