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Posted by Bicol Today on February 3, 2008
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 Read the rest of this entry »
Posted in Commentary, Economy, Philippine Updates | Tagged: OFW, Philippine peso | 1 Comment »
Posted by Bicol Today on January 25, 2008
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. Read the rest of this entry »
Posted in Economy, Philippine Updates, World | Tagged: Call centers, OFW, U.S. economic recession | No Comments »
Posted by Bicol Today on January 11, 2008
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. Read the rest of this entry »
Posted in Economy, Philippine Updates | Tagged: Filipino workers, Ibon, OFW, Strong peso | No Comments »
