Friday 18 January
Apr 30, 2016 @ 11:41

PH remittances less vulnerable


GLOBAL debt watcher Fitch Ratings said remittance inflows in the Philippines are less vulnerable to the slowing growth in Middle East countries because migrant Filipino workers are not solely concentrated in that region.

Fitch said in a report Friday reduced growth and capital spending among oil producers in the Middle East might trim employment opportunities for foreign workers from Asian countries, especially in construction.

It said the risk of lower demand for foreign workers in the Middle East was significant, but has, so far, hardly materialized in the Philippines, Sri Lanka, Bangladesh, Pakistan and Vietnam.

Please follow and like us:

Tags: , , , , , ,

Related Stories
The Cebu-based Aboitiz clan is spending as much as P60 billion to further grow its
Vietnam's largest private conglomerate Vingroup unveiled its first made-in-Vietnam mobile phones on Friday in the
Divorced, in his 40s and fearing a solitary future, Zhou Xinsen went online like thousands
Vietnam has already asked Google to remove more than 6,700 items since 2009, according to

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.