Filipino seamen’s remittances up by 5.5%—TUCP RP sailors on foreign ships to hit .5M in 5 years

MANILA, Philippines—Remittances from Filipino sailors increased by 5.52 percent (or $41.851 million) to $800.535 million in the first quarter versus $758.684 million in the same period in 2008, the Trade Union Congress of the Philippines (TUCP) said Tuesday.

TUCP secretary-general and former Senator Ernesto Herrera said this is higher than the cash wired home by land-based migrant Filipino workers which grew by only 2.03 percent (or $64.697 million) to $3.256 billion in the first quarter compared to $3.191 billion in the same period in 2008.

To read the complete article click here 05/26/2009 Philippine Inquirer