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a and theoretical research. The worldwide market for Laboratory Equipment is expected to grow at a CAGR of roughly 4.2% over the next five years,
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MANILA, Oct. 18 (Xinhua) -- Remittances to the Philippines from overseas Filipino workers surged by 16 percent year-on-year to 2.6 billion U.S. dollars in August, bank sources said on Monday.

Bangko Sentral ng Pilipinas officer-in-charge Nestor Espenilla said year-to-date, personal remittances fro the first eight months rose by 4.4 percent to 19.5 billion U.S. dollars from 18.7 billion U.S. dollars during the same period last year.

"Personal remittances comprised largely of transfers from land-based workers with work contracts of one year or more (at 15.1 billion U.S. dollars) and remittances from sea-based and land-based workers with work contracts of less than one year (at 4.1 billion U.S. dollars)," he said.

Cash remittances from overseas Filipinos coursed through banks increased by 16.3 percent in August to 2.3 billion U.S. dollars.

Cumulative remittances in the first eight months to August posted a 4.6 percent increase amounting to 17.6 billion U.S. dollars.

About 80 percent of cash remittances came from the United States, Saudi Arabia, the United Arab Emirates, Singapore, the United Kingdom, Japan, Qatar, Kuwait, China's Hong Kong, and Germany, the central bank said.

Laboratory Equipment Market: 2018 Global Industry Size, Share, Trends, Growth Insights, Top Manufacturers and Demand Forecast To 2023

by shakshi · September 28, 2018

A laboratory equipment is, broadly speaking, a device or tool used for scientific purposes, including the study of both natural phenomena and theoretical research. The worldwide market for Laboratory Equipment is expected to grow at a CAGR of roughly 4.2% over the next five years, will reach 57900 million US$ in 2023, from 45300 million US$ in 2017, according to a new study.

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However, amid intense competition, general labware market movers face significant challenges as the scope of innovations is comparatively limited in this segment, says the report. The market is in great need of higher quality equipment and time-saving, autoprecision device. This is leading to manufacturing outsourcing to developing economies, it is claimed. China, so far the second largest market in Asia for lab equipment, is one of the fastest moving markets in the world, growing at around 20 percent per year.

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