Philippines: The remittance lifeline
Business Daily

Philippines: The remittance lifeline

2025-02-24
The estimated 2.3 million Filipino overseas workers form the economic backbone of their nation. The remittances they send home are vital; sustaining household incomes, driving consumer spending, supporting community development, and ensuring national economic stability - contributing 8.5% to GDP.In the first of our two-part series looking at the Philippine economy, Sam Fenwick meets overseas workers who send money home and those who have returned to set up businesses.If you would like to get in touch...
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