Friday, March 04, 2005

OFW's Remit a Record 8.5 Billion Dollars in 2004

According to the Philippine Central Bank remittances by Overseas Filipino Workers (OFWs), reached an all time high in 2004. A total of 8.5 billion dollars were sent home to the Philippines from cities and towns around the globe. From the Americas, the EU, the Middle East, and Asia, OFWs remitted their hard-earned cash, and in the process kept the country's economy afloat. This loyal army of overseas benefactors, forced by cruel circumstance to leave their towns and barrios and travel to the far reaches of our planet just to earn a living wage and feed their family, has once again delivered--as expected.

Link to INQ7.net