part, got $29.903 billion last year (some 0.76 percent less) from its army of land-based and
sea-based OFWs, estimated to be some 10.3 million.
Inoculation rate
CAREGIVER Daphne Lagut and husband Miko beamed happily as they got the vaccination jabs
recently. Malta leads the entire European Union in terms of the rate of inoculations, using the
vaccines developed by P zer Inc. with BioNTech SE and Moderna Inc.
Vaccination matters if economic life were to go back to normal, Lagut said. She said the
ordinary Maltese fears SARS-CoV-2, follows the wearing of masks and physical distancing
diligently and scolds those who do not follow these rules.
Fruits, right diet and vitamins keep us “safeguarded,” Lagut said.
A year prior to the pandemic, the Laguts send home P40,000 (nearly 693 euros) monthly,
especially since their child (being taken care of by doting grandparents) was unable to join
them in the trip to Malta. Since the couple are essential workers, these caregivers for an elderly
care facility still managed to send the same amount to loved ones in Bayugan City, Agusan del
Sur.
“Family is always our rst priority,” Daphne said.
The Filipinos in Malta sent $54.861 million last year, a staggering 38.1-percent increase from
the $39.713 million remitted in 2019. That is, even if the global total of Filipino remittances
year-on-year was just under a shade of being in positive territory (minus-0.76).
Since countries instituted months-long lockdowns in the early days of the pandemic,
development analysts became watchful of month-on-month remittance in ows after June
2020.
Notably surprising
SENIOR economist Juan José Li Ng of the Banco Bilbao Vizcaya Argentaria (BBVA) noted the
surprising increases of Mexican migrants’ remittances from the US after the second quarter of
last year. Ng’s October 6 report for BBVA saw July remittances grow compared to July 2019.
January-to-June 2020 data from the Banco de México saw remittances grow by some 10.54
percent compared to the same six-month period in 2019.
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