Singapore: Arroyo wants negative impact of strong peso on OFWs addressed
PRESIDENT Gloria Macapagal-Arroyo on Sunday ordered Socio-Planning Secretary Romulo Neri to draw up measures that the government could adopt to assist Overseas Filipino Workers (OFWs) and their families following the negative impact of the continued strengthening of the peso on their lifestyles, particularly their spending capabilities.
Arroyo, in a speech before the Filipino community at the Suntec Convention Hall in Singapore, said the government is aware that while the peso continues to gain strength, it diminishes the earning of OFWs and the export industry.