The ’strong peso’ and the folly of OFW export

Addressing the impact of the lowering peso value requires more than the mitigating measures government has so far implemented, including the hedge fund set up by the DBP, and Malacañang’s fiscal stimulus program

RP call centers, OFW’s to be hit worst by U.S. slowdown

Call centers and overseas Filipino workers, both lauded by the Arroyo government as economic winners, are seen to be the worst hit by an anticipated US recession and general slowdown in the world economy, according to independent think-tank IBON Foundation.

Due to strong peso: OFW’s lose P700 per $100 remitted

The strengthening peso has resulted in a sharp cut in overseas Filipino workers’ (OFWs) incomes, costing them over P700 per $100 remitted, according to independent think-tank IBON Foundation.