LBC Express Strikes Deal with Japan Remit as OFW Remittance Rises

LBC Express and Japan Remit Forge Ties as OFW Remittances Begin to Soar in 2018. Filipinos   working   in   Japan   will   now   be   able   to   send   their   hard-earned remittances to their loved ones back home much safer and faster. This comes after LBC Express and Japan Remit Finance (JRF)   forged an agreement whereby money sent by OFWs via JRF can now be encashed in any of LBC’s 1300 branches in the Philippines.
     Present during the signing rites of the two giant firms were (from l-r): JRFCountry Head for the Philippines Ramil Antonio; JRF President Sunny Hossain; LBC
Express Inc. Senior Operations Karen Pauline Alcazar; LBC Express Inc. Senior VicePresident   Oliver   Valentin;   JRF   Vice   President   and  Chief   Finance   Officer   MasahikoWatanabe; and JRF Marketing Officer Liezl Bering.Established   in   2011,               JRF   is   an   international   money   transfer   and   currencyexchange   company   whose  remittance  reach presently  extends   to  no less than 83countries. As It seeks to be more globally-oriented, JRF has teamed up with BusinessLogistics experts like LBC so it can cater to the needs of Filipinos living and working inJapan.
           According to the World Bank,  the Philippines today ranks as the third largestgenerator of international worker’s remittances, behind only India and China. This   supports  data   culled   by   the   Bangko   Sentral   ng   Pilipinas  (BSP)  whichreported that cash  remittances  from  Filipino  migrant  workers rose  to $2.4  billionduring the first month of 2018, higher than $2.169 billion posted in the same period in2017.
           Eighty percent of these remittances came from OFWs in Japan, Singapore, United Arab Emirates, Saudi Arabia, Qatar, Kuwait, the US, United Kingdom, Canada and Germany. The BSP expects remittances from Filipinos abroad to rise by 3.6 percent to $29.1 billion this year due to the weaker peso which makes sending remittances more attractive.

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LBC aims to deliver value to all of its stakeholders, as it has for over 60 years.  Founded in 1945 as a brokerageand air cargo agent, LBC pioneered time-sensitive cargo delivery and 24-hour door-to-door delivery in thePhilippines.

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