MikeLigalig.com

The Department of Labor and Employment (DOLE) today reported to Malacanang that the global deployment of overseas Filipino workers (OFWs) is on track to reach and surpass the one million mark in 2008.

This developed as a report reaching Dole Secretary Marianito D. Roque also projected that as current trends sustain, global OFW remittances would likely approach, if not surpass, the $15 billion level this year.

The latest report of the Bangko Sentral ng Pilipinas said that OFW remittances have already reached US$4.0 billion (more than P173-b at current rates) in the first quarter of 2008, with the highest month-on-month remittances reaching $1.4 billion in March, on top of $1.3 billion in February, and another $1.3 billion last January. In 2007, OFW remittances reached $14.449 billion, the highest in history so far.

“That global OFW remittances that have sustained year upon year on a robust scale, attest to the sustained strength of our global deployment, manifesting the distinct global preference for the OFWs in more than 190 host destinations worldwide,” Roque said. - News Source

God Bless the Filipino!