Stimulus cash helps Philippine remittances, says labor leader
Monday, April 27th, 2009STIMULUS spending by countries employing its workers is helping the Philippines maintain its remittances despite the global economic downturn, a labor leader said Sunday. Remittances make up 10 percent of the Philippines’ gross domestic product (GDP), and rose 13.7 percent in 2008 from a year earlier to $16.429 billion. GDP is ...