atans1

What drives the Pinoy economy? Why see S’pore no Ak

In Uncategorized on 25/07/2015 at 4:39 am

US is the biggest source of remittances: 42.6% out of total of U$24.3bn. Remittances is 10% of gross domestic product in itself, and a vital driver of the consumer spending that accounts for two-thirds of the Philippines’ economic output.

Asia is only third as a source of remittances and the amount from S’pore is therefore “peanuts”: Money talks, BS walks.

 

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