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Old 04-08-2014, 08:28 AM
 
Location: Somewhere flat in Mississippi
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How much money comes back to the Philippines from Oveseas Filipinos? Does a lot of it end up in the wrong hands?
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Old 04-08-2014, 08:39 AM
 
Location: SGV, CA
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Per wikipedia

Quote:
Philippines is the fourth largest recipient of official remittances after China, India, and Mexico.[12] OFW remittances represent 13.5% of the country's GDP, the largest in proportion to the domestic economy among the four countries.[14] OFW remittances is also credited for the Philippines' recent economic growth resulting to investment status upgrades from credit ratings agencies such as Fitch and S&P.[15]
Overseas Filipino - Wikipedia, the free encyclopedia
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Old 04-08-2014, 11:10 AM
 
Location: In the heights
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Remittances probably end up in the right hands on average much more often than for other industries in the Philippines since remittances are generally going straight to family that you intend the funds to go to. What the family does with that money is another story.
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