Philippines: The remittance lifeline
Feb 24, 2025•18 min
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Episode description
The estimated 2.3 million Filipino overseas workers form the economic backbone of their nation. The remittances they send home are vital; sustaining household incomes, driving consumer spending, supporting community development, and ensuring national economic stability - contributing 8.5% to GDP.
In the first of our two-part series looking at the Philippine economy, Sam Fenwick meets overseas workers who send money home and those who have returned to set up businesses.
If you would like to get in touch with the show, please email: businessdaily@bbc.co.uk
Producer/presenter: Sam Fenwick
(Picture: Angel Kho, a head chef, in the kitchen of a care home in the UK. Credit: BBC)
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