Storm damages seen to boost remittances in Oct
Posted by netizen on November 5, 2009 · Leave a Comment
By Karen Flores, abs-cbnNEWS.com | 11/04/2009 6:22 PMMANILA - If there is one good thing that the recent storms brought to the economy, it is the expected strong rise in remittance inflows.Just like the Bangko Sentral ng Pilipinas (BSP), the World Bank is looking at a 4% growth in remittances this year. However, the multilateral lender said the amount has upside potential as overseas Filipino workers (OFW) send more monetary assistance to families whose properties were devastated by typhoons "Ondoy"...
Source: KAKKAMPI OFW News and Other Useful Info
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