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Philippines: COVID-19 seen as drag to remittance growth
MANILA, Philippines — The global outbreak of the coronavirus disease 2019 (COVID-19) would affect remittances from overseas Filipino workers (OFWs) this year amid travel bans and restrictions, economists said. Jun Trinidad, economist at Philippine National Bank (PNB), said COVID-19 raises complications as travel ban or restrictions obstruct overseas job placements in the first half. “We […]
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