DOLE notes steady growth in global OFW deployment, dollar remittances

The Department of Labor and Employment (DOLE) today said that the total global deployment of overseas Filipino workers (OFWs) increased by 5.2 percent (+41,556) from 802,478 in the same period last year, to 844,034 between January 1 and October 9, 2006.

A report reaching Labor and Employment Secretary Arturo D.Brion indicated that both the number of land-based OFWs deployed, as well as overseas Filipino seafarers, have continued to register a bright global growth pace during the period.

Brion was apprised by the DOLE’s Philippine Overseas Employment Administration (POEA) that the global deployment of skilled, land-based OFWs grew by 5.2 percent (+31,989) to 645,167 from January 1 to October 9, 2006, compared to 613,178 in the same period last year.

During the same period, the deployment of overseas Filipino seafarers also rose by 5.1 percent (+9,567) to 198,867, from 189,300 previously.

Brion, meanwhile, cited a Bangko Sentral ng Pilipinas (BSP) report indicating that the global growth in OFW deployment has been accompanied by a robust growth in total OFW remittances to the Philippines.

Brion said that BSP figures show that total OFW remittances increased by 15.3 percent to US$8.10 billion from January to August 2006 over the comparable period last year.

The Labor Chief said that, “on the average, the OFWs have been remitting a total figure reaching US$1-billion monthly in the first eight months of 2006.”

The BSP indicated that both land- and sea-based OFW remittances are exhibiting robust growth alongside the steady rise in global deployment as the year 2006 progresses.

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