Non-resident Filipinos help drive economy via remittances, investments
BAGUIO CITY, July 30 -- More than six million non-resident Filipinos (NRFs) continue to contribute to the country's economic growth through remittances, investments, and humanitarian assistance, Commission on Filipinos Overseas (CFO) Secretary Dante "Klink" Ang II said on Thursday.
Ang said many NRFs are professionals whose higher incomes enable them to send more financial support to their families in the Philippines.
"Sa tingin ko mas malaki napapadala ng NRF dahil sila 'yung nakakakita ng incremental increase sa salaries at habang lumalaki ang kita ng mga kababayan natin, mas lumalaki rin ang pinapadala nila (I think NRFs send bigger remittances because they receive incremental salary increases. As their income grows, they are able to...
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