Survey shows less than half of Filipinos use banks to remit money

Five years after two Philippine banks were granted license to operate as full banks in Japan, half of the Filipinos surveyed by the Philippines Today still use personal, and sometimes underground, means of sending money to their families in the Philippines.

One hundred eight respondents from northern Japan (Fukushima, Aomori, Iwate, Yamagata, Hokkaido and Miyagi) were interviewed by telephone from July 10 to 25. Results indicate that the awareness of Philippine banks among Filipino residents, particularly in the rural areas covered by the survey, stands below 50% of the population.

Remittances coursed through the banking system are reflected in the statistics compiled by the Bangko Sentral ng Pilipinas, which currently stands at US$ 6 billion from all over the world.

The on-going survey is part of a series of market research studies of the publication.*

Bayaning Pilipino search on

The search is on for this year's Bayaning Pilipino awardees known as the Gawad Geny Lopez Jr. The purpose of the award is "to enhance our Filipino value system and to recognize those who are helping the grassroots."

Candidates will be judged on the criteria of social responsibility, hardwork, industry and discipline, moral integrity and social acceptability, love for family and love of country.

Nominations may be forwarded to Bayaning Pilipino Awards, c/o UGAT Foundation, 2F ISO Building, Social Development Complex, Ateneo de Manila University, Loyola Heights, Q.C. Philippines. For details, contact 63-2-426-6496, 63-2-426-6001 loc. 4873/4872. Questions may also be sent by e-mail to bayani@fastmail.I-next.net.*

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