Business Daily   /     Philippines: the remittance lifeline

Description

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: businessdaily@bbc.co.ukPresented and produced by Sam Fenwick(Picture: Angel Kho, a head chef, in the kitchen of a care home in the UK. Credit: BBC)

Subtitle
The money Filipino overseas workers send home continues to play a big role in the economy
Duration
1051
Publishing date
2025-02-24 00:01
Link
http://www.bbc.co.uk/programmes/w3ct5z7t
Contributors
  BBC World Service
author  
Enclosures
http://open.live.bbc.co.uk/mediaselector/6/redir/version/2.0/mediaset/audio-nondrm-download-rss-low/proto/http/vpid/p0ksrlyf.mp3
audio/mpeg