Remittances Throw Lifeline To Philippines' Typhoon Survivors

wochit

by wochit

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In the aftermath of the Typhoon that hit the Philippines in November, Filipinos from across the world came together to help. There are some 10 million Filipinos living and working abroad, sending regular remittances to help their families get by. Between January and October, they had sent back around $18.5 billion, six percent more than last year and running at a rate equivalent to around 10 percent of the gross domestic product.

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