BSP warned on raising OFW hopes - INQUIRER.net, Philippine News for Filipinos: "Taiwan’s special hiring program has only deployed less than a thousand for 2008 compared to the private sector which deployed more than 40,000 factory workers and caregivers.
“Those markets have dried up and only the Middle East countries of Saudi Arabia, UAE, Qatar and Libya where over two million Filipinos are concentrated are steadily increasing remittances flows,” Soriano said.
The recruitment executive, however, warned that the over 200,000 OFWs in Dubai, the second biggest source of remittances this year, were likely to send less next year because of the emirate’s debt crisis.
The BSP earlier said that in the first three quarters of the year, OFWs sent home through banks a total of $12.789 billion, up $516.62 million or 4.21 percent from the $12.273 billion in the same period in 2008"
Friday, January 8, 2010
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