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Filipino Overseas Sailors Remit Whooping 2.5 Billion Pesos in 9 Months

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The money sent home by overseas Filipino sailors rose by $108 million or 4.51 percent to a new record of $2.501 billion in the nine months to September this year, from $2.393 billion over the same period in 2008, the Trade Union Congress of the Philippines (TUCP) said.

“A growing number of European and Asian shipping firms are disbanding their multinational crews, and replacing them wholesale with all-Filipino personnel that are younger and more able,” said Herrera, former chairman of the Senate committee on labor, employment, and human resources development.

Read more at Inquirer Global Nation

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Written by Raffy Pekson II

December 9, 2009 at 11:11 am