Remittances reach $18.3 Billion in November, up 7.3% on year

MANILA, Philippines — Remittances from overseas Filipinos amounted to $18.317 billion in the first 11 months of 2011, roughly 7.3 percent up year-on-year, the Bangko Sentral ng Pilipinas (BSP) Monday said.

The end-November remittances gave BSP officials confidence to say that fund transfers will exceed growth expectations this year or more than seven percent over 2010 total remittances of $18.763 billion. The original forecast for remittances was that it will reach $20.1 billion for 2011.

Based on BSP data, for the January-November period, sea-based workers’ remittances increased by 13.8 percent to $3.913 billion while remittances from land-based workers went up by 5.65 percent to $14.4 billion.

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AmiSa

Tower A - Ready for Occupancy

Tower B - Finishing Works On the Way 

Tower C - Preselling 

BEACH RESORT CONDO at PUNTA ENGANO, MACTAN

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Azalea Place 

CEBU CITY CONDO ALONG GORORDO AVENUE 

Quality Projects of Robinsons Land Corporation, Cebu

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SOURCE: MANILA BULLETIN

Expect the real estate industry in the Philippines to boom in the next few years due to the increase demand of residential spaces. This indeed is a big market due to the continuous increase in the population and the influx of foreigners. 

Best Regards, 

Raymund B. Baroy

Account Manager

Robinsons Land Corp. - Cebu Sales Force

Visit Us here: Robinsons Land Premier Properties 

Call/SMS:

Local: 09065549505 / 09229452718

International :  +639065549505 / +639229452718      

Email : raymund.baroy@yahoo.com

AmiSa: AmiSa Private Residences

Azalea Place: Azalea Place