Tags: philippine constitution,RIGHTS OF OFWs in Extremis,philippine constitution
The past few weeks should bring home the realization to all of us that we have become an OFW nation, as indeed we already are, many years back, what with US$18.763 billion remittances in 2010, exceeding even the Bangko Sentral ng Pilipinas (BSP) forecast of US$18 billion. The Asian Development Bank did a study in 2008 and found out that OFW remittances in that year constituted around 12% of the country's GDP, making foreign remittances the “single most important source of foreign exchange to the economy and a significant source of income for recipient families.”