Monday, July 20, 2020

Philippine OFW Remittances Drop

REP. FRANCISCO GAMBOA DATOL, JR.
SENIOR CITIZEN Party-list
Chair, Special Committee on Senior Citizens
Mobile number - 09177292437

SA PAGBAGSAK NG OFW REMITTANCES, SAAN NA NGAYON KUKUHA NG PAMBILI NG GAMOT ANG OFW DEPENDENTS NA SENIORS?

Dahil damay ang mga seniors na OFW dependents sa pagbagsak ng remittances mula sa abroad, nanawagan si Senior Citizen Party-list Rep. Francisco Datol, Jr. ng agarang dagdag na ayuda para sa OFW dependents. 

"Kabilang ang mga senior citizens sa mga magdurusa sa pagbagsak ng overseas Filipino remittances dahil marami sa kanila ang tumatanggap ng padala mula sa kanilang mga anak sa ibang bansa. Maapektuhan ang kanilang pambili ng gamot at pagkain sa pang-araw-araw," aniya. 

Kaya umapela si Datol sa sangay-ehekutibo.

"I appeal to the economic managers to save our OFW families from the economic impact of the pandemic now and in the coming months," ani Datol.

"OFW families need interest-free grants to enable them to start small businesses. PhilHealth must be ready to provide full coverage of OFW dependents and repatriated OFWs when they get sick for any reason," idinetalye ni Datol.

Napuna ni Datol na $437 million ang malaking pagbaba ng remittances ayon sa datos ng Bangko Sentral ng Pilipinas.

Iyong $437 million na agwat, katumbas ng P21.85 billion na nawala sa budget ng mga OFW dependents.

"Filipino families dependent on OFW remittances collectively lost P21.85 billion pesos last April when the money transfers from their breadwinners abroad dropped to $2.276 billion in April 2020 from $2.713 billion of April last year," ani Datol.

"The 16.1 percent difference is $437 million. P21.85 billion is the rough peso equivalent at an exchange rate of $1 to P50," paliwanag niya.

Maaari umanong lumalala pa ang sitwasyon dahil sa repatriation ng OFWs at mga travel bans sa buong mundo.

"If the official OFW remittances figures of the Bangko Sentral will show further declines in May, June, July and onwards, that would in turn mean more terrible suffering for millions of OFW families. For those on survival mode before the pandemic, they would fall deeper into poverty this year and probably until 2021," ani Datol.

Nangangamba si Datol na sa pagliit ng output ng ekonomiya dahil sa pagsasara ng maraming negosyo, maaaring lumubha pa ang epekto ng pandemic.

"The real estate and housing sector and the banks and other financial institutions could also feel the burn of the drop in OFW remittances because of the resulting dampening of the purchasing power of OFWs, whose spending power had fueled acquisitions of new homes, condominium units, and motor vehicles," ani Datol. - posted at https://ph.mikeligalig.com

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