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The Philippines risks losing some P7.4 billion in cash remittances from thousands of migrant Filipino workers, mostly caregivers and private duty nurses, in the event of an escalation in the war between Israel and the Islamic Resistance Movement, or Hamas. “Our best estimate is that Filipino workers in Israel send to their families here in […]
Makati City Rep. Luis Campos Jr. has challenged GCash and other Philippine-based mobile money operators to go global and help drive down high remittance charges that have been a burden to overseas Filipino workers (OFWs). “We want GCash and other mobile money technology players to forcefully compete with banks in the remittance market to put […]
The House Committee on Overseas Workers Affairs chaired by KABAYAN Party-list Representative Ron Salo held initial deliberations on House Bills 185, 1190, 2944, 3020, 4170, 4257, 4343, 4397, and 4469, which would protect the remittances of overseas Filipino workers (OFWs). “There are OFWs not informed by service providers on certain money-transfer fees and charges when […]
A bill that requires the full disclosure of finance charges and other fees imposed by remittance agencies has been filed in the Senate Senate Bill No. 2162 introduced by Senator Koko Pimentel III seeks to protect the remittances or money transfers of overseas Filipino workers (OFWs). But at the same, the measure compels remittance agencies […]