Topic: Family, Life & ExperiencesFriends

Last updated: April 12, 2019

1.1 Background LiteratureThe Philippine government have the eagerness of becoming our nation a progressive, well-develop, and a well-stimulated economy. One of their strategical way to attain these desires of the country is to send Filipino workers to migrate outside the country. Historically, migration of Filipinos started way back 1417 under Spanish people, from the regime of the former president Ferdinand Marcos (1970-1972), after the World war 2 where he sent approximately 100 thousand Filipino workers, excluding students and professionals in the United States of America, and in some places like Hawaii, Alaska, Europe, Canada and in some Asian countries(1906-1960s). According to the Philippine statistics authority survey from (2010-2017).

The number of Overseas Filipino Workers(OFWs) who worked abroad at any time during the period (April to September 2010) was estimated at 2.0 million. The 2010 Survey on Overseas Filipinos (SOF) revealed that there were about 2.0 million overseas Filipino workers (OFWs) who worked abroad anytime during the period April to September 2010. The total remittance sent by OFWs during the period April to September 2010 was estimated at 141.

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2 billion pesos (Table 6). These remittances included cash sent home (104.9 billion pesos), cash brought home (30.1 billion pesos) and remittances in kind (6.

2 billion pesos). During the reference period, the average remittance by male OFWs was about twice that of female OFWs (100 thousand pesos per male OFW versus 54 thousand pesos per female OFW).About 74.4 billion pesos, or an average remittance of 54 thousand pesos per OFW, was remitted by the OFWs from Asia (Table 7).

For OFWs working elsewhere, an average remittance of 91 thousand pesos was recorded for an OFW from North and South America, 82 thousand pesos from Europe, 125 thousand pesos from Africa and 76 thousand pesos from Australia. The average cash remittance of OFWs working in Asia was the lowest. In 2010, around 77.

3 billion pesos or 73.7 percent of total cash remittances was sent through banks (Table 9). The rest was sent through door-to-door (8.4 billion pesos), agency/local offices (3.2 billion pesos), friends/co-workers (902 thousand pesos) and other means (15.1 billion pesos).Fifty percent of the OFWs are able to save from their cash remittancesThe number of OFWs who were able to save out of their cash remittances was estimated at 812 thousand or 47.

4 percent of the 1.7 million OFWs who made cash remittances from April to September 2010 (Table 10). In 2009, there were 851 thousand OFWs or 53.2 percent of these OFWs who were able to do so.Irrespective of the amount sent, the largest percentage of them were able to save less than 25 percent of the amount sent

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