Declining OFW remittances Foresen

The AGSB Advantage

Mr Loreto Soriano a CEO of a recruitment firm foresees decline in OFW remittances despite the robust remittances last year.  And therefore the government and its economic planners should adjust and prepare for this downturn.

The turmoils in Middle East and Africa, disaster  in Japan, financial crisis and woes in Europe and US spells gloom for foreign employment.  There is  perceptible trend in the decline of OFW hiring

l. What will be the new business for foreign worker recruiters?

2.  What will the OFW do?  Shall we train them for entreprenurship?

3.  Is this opportunity for domestic employers.?

4.  What are the problems?

Link:   pinoyabroad/labor-recruiter-sees-decline-in-ofw-deployment-remittances