Wednesday, November 3, 2010

Filipino sailors aboard foreign-flagged ocean-going vessels wired home a total of $2.461 billion from January to August 2010, up by $250 million or 11.31 percent of the $2.211 billion they remitted over the same period in 2009.

According to Ernesto Herrera of the Trade Union Congress of the Philippines, the foreign exchange coming in from sea-based migrant Filipino workers is growing twice faster than those coming in from their land-based counterparts. Herrera attributed the sustained growth in remittances to the increased deployment of sailors and global demographics, saying that “the intercontinental maritime transport of all kinds of commodities is growing along with global population expansion, thus, the ever-increasing demand for a fresh supply of sailors." (

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