Philippines: The remittance lifeline
The money Filipino overseas workers send home continues to play a big role in the economy
Business Daily · BBC World Service
Audio is streamed directly from the publisher (open.live.bbc.co.uk) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The estimated 2.3 million Filipino overseas workers form the economic backbone of their nation. The remittances they send home are vital; sustaining household incomes, driving consumer spending, supporting community development, and ensuring national economic stability - contributing 8.5% to GDP.
In the first of our two-part series looking at the Philippine economy, Sam Fenwick meets overseas workers who send money home and those who have returned to set up businesses.
If you would like to get in touch with the show, please email: [email protected]
Producer/presenter: Sam Fenwick
(Picture: Angel Kho, a head chef, in the kitchen of a care home in the UK. Credit: BBC)