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4B USD Foreign Remittances from Filipino Seafarers in 2011

In 2011, 22% of the total foreign remittances came from sea-based migrant Filipino workers amounting to 4 billion US dollars. 
Filipinos account for over 25% of all active seafarers in the world. The United Nations acknowledge the impact Filipinos have in the global trade, secretary general Ban Ki Moon even hoped for more Filipino youths would join the profession. In 2010, the secretary-general of IMO (International Maritime Organization) hailed Filipino sailors as the "unsung heroes" of the unsung industry, namely the shipping industry that carried most of the world trades in goods. 
Just recently, Angkla, a legislative action group espousing representation for all Filipino seafarers in the government was formed. The group believes that the country's merchant mariners should be given sectoral representation in government to champion their rights and have direct approach to policy-making. Follow their website for more information http://www.angkla.org/ .

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About this Site

This site aims to provide you with everything you need to know to send money to the Philippines. With about 10 million Pinoys living overseas, mostly to work, remittances to the Philippines remain to be the economy's main source of foreign fund. The World Bank estimated 17B USD in remittances by end of 2009, next only to India and China as the world's top recipient countries of remittances. I hope this site can provide a comprehensive guide and all the possible options for Filipinos living abroad and Foreigners living in the Philippines to provide for their families and loved ones in the most economical and convenient way.