Economic recovery boosts OFWs remittance growth

TOTAL inflows from overseas Filipino workers (OFWs) posted a fresh monthly record-high of $3.49 billion in December 2022, bringing the full-year figure to an all-time high of $36.14 billion, up by 3.6 percent.

Data released by the Bangko Sentral ng Pilipinas (BSP) on Wednesday showed that cash remittances last December registered an annual jump of 5.8 percent to $3.16 billion, up from year-ago’s $2.99 billion.

Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort expects further improvement in remittances, citing more opening and recovery of economies hosting OFWs.

He said these developments open more opportunities for job creation that benefits the OFWs, among others. “OFW remittances at new record highs on a monthly basis, a bright spot for the Philippine economy in terms of spurring/supporting consumer spending, which accounts for at least 75 percent of the economy, and in turn, support faster GDP (gross domestic product)/ economic growth,” he added.

Remittances account for around 9 percent of the country’s annual output for several decades now and these are among the structural sources of the country’s foreign reserves.

Ricafort said sustained rise of remittances as of last December “may be attributed to the relatively higher prices/inflation that may have required the sending of more remittances to cope up with higher prices of goods and services for OFWs and their families/dependents in the Philippines.”

The rate of domestic price increases posted a new 14-year high of 8.7 percent last December due largely to the faster rise in the housing, water, electricity, gas and other fuels index.

Amidst the growth in remittances, Ricafort said risks remain and among these include the possible recession in the United States, the economic impact of discovery of new and more contagious coronavirus disease 2019 (Covid-19) variants, as well as increased infection cases in China following its reopening in late 2022.

He said the elevated inflation in countries hosting OFWs “could potentially reduce OFWs’ disposable income and in turn, the amount of remittances sent to the Philippines.”

He added Russia’s invasion of Ukraine is another risk as could slow down global economic recovery prospects. (PNA)

Three Significant Aspects To A Coaching Perspectives Unlock

By Catherine Moreno-Canama Teacher III Talisay Seaside Elementary School Barobo 2 District, Division of Surigao Del Sur

Every teacher desires to be worthy, but what precisely are the potentials that make a good educator and at the same time a coach to a sports event? What abilities, aptitudes, and individualities can they be taught or erudite?

Coaching commences with a coaching perspective. How you look at circumstances and the position determine whether you see the coaching breaks that are obtainable, or whether you simply perceive more complications. To gaze at the world over the eyes of a coach you need three things.

Inquisitiveness: You won’t see potential in circumstances unless you’re inquisitive about what’s possible. Coaches are curious about all things — how far individuals can grow and change, how things can be done inversely, and what would happen if people were willing to talk with each other instead of about each other, to name a few.

Kind-heartedness: Coaches have kind-heartedness for people. All individuals. They apprehend that everyone — themselves included — are trying hard and doing their finest. Even when their finest selves aren’t too impressive. They distinguish the faces of fear in people who are rough or short with others or who step away instead of stepping forward in the face of a challenge. They evoke when they are afraid of themselves, and they have compassion for the dreadful as well as those who are gifted with the self-reliance to step into the headwinds of life full on.

Audacity: It always blows me up when folks tell me that coaching is “fluffy” or “spineless.” It’s something but. True coaching necessitates the audacity to tell the truth, to stay in the discussion even when excitement runs high and to risk trusting that change is conceivable when everyone else says it can’t be done. That’s what audacity looks like. That’s where coaching dialogues begin.

As a classroom teacher and a full time class adviser lead me to juggle all tasks at once. Apart from the given responsibilities, I had to manage my time taking care of my family too. Therefore, my sight and focus need to be set forth. I don’t need to be very expert in coaching, but more importantly, I need to acquire my own expertise to suffice my coaching responsibility. In order for you to hand over new knowledge, technique, and strategy to your athletes, being a great coach needs to project through awareness and familiarity on the assigned sports to coach. You cannot give what you do not have. You may have had previous experience on how to engage with coaching sports in your teaching career or from other previous events of your life, concurrently, a successful coach needs specific expertise and in-depth familiarity of the above. Great coaches always lead from the front and make their existence immensely useful. Hopefully, others may find inspiration to other people with the same thoughts and vision. Bear in mind that successful sports coaches are always reflective and soaked with visualization of ideas and thoughts. They showcase advanced commitment, firm in spirit, flawless integrity, valuable conversationalist, and above all, a great leader.

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Who's Your Hero?

Think a minute… One of the most famous Italians in the 20th century was Benito Mussolini, known to his people as Il Duce, which simply means The Leader. His charisma was almost like a movie star rather than a government leader, even though his charm was bathed in blood and violence.

The popularity of Mussolini was truly phenomenal. He transformed Italy into a spectacular show of national pride, parades, military power, and music. Mussolini regularly stood on his balcony with thousands of people below cheering and worshipping him at the height of his power. Parents would hold their children up to see their mighty leader. To young men he seemed to be the perfect example of a real man, fearless and tough; and to young women he represented both seduction and security in one.

Italians, and even citizens of other countries, asked for the autograph of Mussolini the superstar. One of these fans sent Mussolini a photo hoping he would sign it, but he rejected his admirer’s request. However, Mussolini would likely have signed it had he known who this fan would become. For this young man who worshipped Mussolini as his hero did follow in his