Remittance risks from the Middle East

PHILIPPINES - Report 07 Jan 2016 by Romeo Bernardo and Christine Tang

As the world trains its eyes on the collapsing diplomatic relations in the Middle East, the Philippines is understandably concerned about the fate of its 2.5 million overseas workers in the region, a large number of whom are based in the Kingdom of Saudi Arabia (KSA). Filipinos who are either doing business or working there are particularly worried because construction projects and work contracts have now been put at greater risk.

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