“Remittances seen breaching $18B in ’10” by Michelle Remo
Overseas Filipinos sent home $1.6 billion in November, bringing total remittances for the first 11 months of 2010 to $17 billion, the Bangko Sentral ng Pilipinas reported Monday.
The central bank said demand for Filipino workers by employers in various parts of the globe remained strong.
Remittances in November were up nearly 11 percent from the $1.5 billion recorded in the same month of the previous year. The January-November level was also up 8.2 percent from $15.8 billion in the first 11 months of 2009.
“Optimism near record high” by A.M.G. Roa
OPTIMISM AMONG FILIPINOS remains very high and has improved slightly to just short of the record hit before the Aquino administration assumed power, a Social Weather Stations (SWS) survey showed.
Results of the end-November 2010 poll, made exclusive to BusinessWorld, found 42% of the respondents saying they expect the personal quality of their lives to improve in the next 12 months, compared to the 7% who claimed otherwise.
Significant gains were recorded among the ABC class in the survey, which also asked interviewees about their outlooks on the economy and the change in their lives over the last 12 months.
“Aquino, Cabinet execs to discuss legislative agenda Tuesday” by Amita O. Legaspi
President Benigno Simeon Aquino III will meet his Cabinet secretaries on Tuesday morning to discuss the 25 proposed bills they want Congress to prioritize.
At a press briefing Monday, presidential spokesman Edwin Lacierda said the meeting is in preparation for the convening of the Legislative-Executive Development Advisory Council (LEDAC) expected later this month.
“The legislative agenda will be the primary agenda [of the meeting]. We will study and firm up the legislative agenda, as discussed in the Cabinet workshops during the previous weeks, to be submitted to the LEDAC,” said Lacierda.
With research support from Con Yap