... overseas worker / new hero (bagong bayani) ... or bigong - TopicsExpress

... overseas worker / new hero (bagong bayani) ... or bigong bayani (frustrated hero) ... >>> in 2012, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, expected official remittances coursed through banks and agents to grow 5% over 2011 to US$21 billion, but official remittances are only a fraction of all remittances. Remittances by unofficial, including illegal, channels are estimated by the Asian Bankers Association to be 30 to 40% higher than the official BSP figure. In 2011, remittances were US$20.117 billion.

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