Malls, migration and RP economy
Posted by mongster on August 1, 2007 · 1 Comment
Overseas workers send home more than US$1 billion a month to their families in the Philippines. The bulk of this amount is spent on consumer products. OFW money has made mall owners among the richest Filipinos today. Unlike in neighboring countries where economic growth is investment-driven, consumer spending has sustained the Philippine economy.
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Totoo. Noong ako ay bumalik galing Singapore, tinungo ko kaagad ang bagong Trinoma at SM The Block. Pati SM San Lazaro di pinatawad. Kung medyo nagtagal ako ng konti at hindi umuwi ng probinsya, nakapunta din sana sa Mall of Asia!