MANILA – With remittances expected to keep growing next year, families of overseas Filipino workers should save and invest money received from abroad, said Bangko Sentral ng Pilipinas (BSP) on Thursday.
Remittances are expected to grow three percent in 2020, as developed countries continue hiring mostly in the health sector to care for their elderly population, said BSP deputy governor Francisco Dakila Jr.
“Dapat merong enough tayong savings at madala ito sa isang pagkakakitaan,” he said.
“Dapat mag–plano ng mabuti yung pamilya kasi makikita natin na hindi naman pang habang buhay tatanggap ng remittances,” he said.
Remittances from Hong Kong have been hit by pro-democracy protests, he said.
“Over the long term, inaasahan natin na magiging maganda ang prospect para sa OFWs kasi kung titingnan natin ang nangyayari sa advanced economies ngayon, karamihan ng kanilang populasyon ay tumatanda so kailangan nila ng workers especially yung nagtratrabaho sa health sector,” he said. (ABS-CBN News)
