The Philippine Central Bank reports an expected increase of about 10% in total cash remittances by OFWs from last year. Total remittance for 2008 will be around $16.45 billion; a real boost for the country despite the global economic slowdown.
New illegal migrant rules in the European Union will affect more than 94,000 irregular OFWs. They will face expulsion, detention of up to 18 months and/or a five-year re-entry ban.
What will the Philippine government do to help OFWs facing expulsion from the EU? Will they always be quick on the math with regards to remittances yet slow in formulating action plans for OFWs in distress? WHEN WILL THE MILKING STOP?