Makakaapekto rin sa OFW remittances na nanggagaling sa Middle East kapag nagpatuloy ang tensyon sa rehiyon bunsod ng giyera sa pagitan ng Iran at US-Israel forces, ayon kay UP Diliman Department of Political Science Prof. Rogelio Alicor Panao. #TedFailonAndDJChacha #DitoTayoSaTotoo #SaTrue #TrueFM #Truetv | 105.9 True FM
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ANALYST: CRISIS IN IRAN COULD HURT PH ECONOMY AND OFW REMITTANCES Foreign Policy Expert Prof. Rommel Banlaoi warns that millions of Overseas Filipino Workers (OFWs) in the Middle East could be affected by the ongoing conflict in Iran, creating 'double economic shocks' for the Philippines. The first shock: rising oil prices, which would push up prices of goods across the country. The second shock: remittances. Banlaoi explains about 30% of global OFW remittances come from the Middle East, totalin
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In 2024, OFW remittances hit an all-time high of $38.34 billion, representing 8.3% of the Philippines' GDP and 7.4% of its Gross National Income (GNI), showcasing their significant economic impact. #ZeroRemittanceWeek | Limuel Libres
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