PHILIPPINES: OFW remittances reach US$15 billion in 2008

Roxas City -- The deployment of overseas Filipino workers (OFWs) globally last year surpasses the 2007 record.

Labor and Employment Secretary Marianito Roque disclosed that the total global deployment of OFWs in 2008 surged to more than 1.376 million in more than 190 host destinations worldwide.

With the rise in deployment of OFWs last year, their global remittances to the country's economy reached US$15 billion in the first 11 months, that is, from January to November of 2008, despite the global financial crisis. Read more