OFW remittances being badly affected by Covid-19
As the global virus outbreak hit every sector of the economy, remittances of the overseas Filipino workers (OFWs) are being hit hard by Covid-19 as thousands of Filipinos have been returning from countries around the world. According to the Bangko Sentral ng Pilipinas (BSP), they expect the remittances to shrink for the first time in almost two decades. The central …
