Tag: countercyclical

OFW remittances hit near-$40 billion record in 2025, still growing despite Middle East crisis

Overseas Filipino Workers’ (OFW) remittances reached nearly $40 billion in 2025, the highest level ever recorded, and continue to post positive growth of 2.4 to 2.5% in the first six to seven months of 2026 despite the ongoing Middle East crisis. Migrant Workers Secretary Hans Leo Cacdac explained the details in an interview on DZRH News program The Situation Report on Monday,…

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