Larger OFW Remittances needed to offset foreign investors’ Withdrawals – AKO-OFW
The AKO-OFW partylist emphasized that the country needs larger OFW remittances to compensate for the withdrawal of foreign investors’ funds. According to the Bangko Sentral ng Pilipinas (BSP), foreign capital outflows have continued since January, reaching $283.69 million. Therefore, AKO-OFW Partylist 1st nominee Dr. Chie Umandap sees the importance of growing OFW remittances to match…
