OFWs-Demand

OFW households spending less on big-ticket items

Published by rudy Date posted on December 13, 2010

OVERSEAS Filipino worker (OFW) households have reduced their expenditures on big-ticket items such as property and motor vehicles amid the peso’s strength, according to a survey by the Philippine central bank. In the latest round of its Consumer Expectations Survey, the Bangko Sentral ng Pilipinas (BSP) said OFW households that used remittances to buy consumer…

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