During the 1980s, foreign remittances, particularly those made by overseas Filipino workers (OFWs), made up two percent (2%) of the Philippines’ Gross Domestic Product. Over time, this has increased to an estimated five hundred percent (500%) today, with OFWs remitting over four hundred billion US dollars annually to their relatives back home. One salient… Continue reading Pera Padala: All About Sending Money to the PH from the USA
