Gloria Esguerra Melencio, Arab News
MANILA, 11 January 2008 — Work abroad remains enticing as an average of 2,941 Filipinos left the Philippines every day to work overseas, mainly in the Middle East last year, despite the continuing decrease in the value of remittances due to fluctuating the peso-dollar exchange rate.
Preliminary data from the Philippine Overseas Employment Administration (POEA) revealed that remittances by Overseas Filipino Workers (OFWs) have increased by 21.92 percent with May 2006 total remittances of $1 million jumping to January 2007 remittances of $5.9 million. [Read more]
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