Filipino seafarers send home a record amount of $6.14 Billion in 2018
Excerpt
Last year Filipino seafarers working on foreign ocean vessels sent home a record amount of 6.14 billion U.S. Dollars through the banking system. This amount includes Filipino seamen transfers working on container cargo ships, bulk carriers, cruise ships, tankers, general cargo ships, and pure car carriers sailing around the globe. According to a member of the Philippine House of Representatives, this is a significant increase of 4.6% or $270 million more than the recorded money transfers in 2017.
