The chairperson of the House Committee on Overseas Workers Affairs on Tuesday hailed overseas Filipino workers (OFW) for their increased remittances in August.
The chairperson of the House Committee on Overseas Workers Affairs on Tuesday hailed overseas Filipino workers for their increased remittances in August.
“Our Kabayan OFWs sent home through the banks $31.418 billion remittances in 2021, and it is expected to further increase this year,” he said. Last week, Salo’s panel held initial deliberations on House Bills 185, 1190, 2944, 3020, 4170, 4257, 4343, 4397, and 4469, that all aim to strengthen the protection and lessen the cost of OFW remittances.
Salo noted that these measures seek a 50-percent discount on remittance fees, which would eventually be granted as tax deductions for remittance service providers.
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