The Philippine Star December MANILA, Philippines - Filipino seafarers sent home more dollar back home despite the global financial crisis, the country’s largest labor group reported yesterday.
Trade Union Congress of the Philippines (TUCP) said Filipino seamen sent home a record high of $2.501 billion in the first nine months of the year.
“Cash sent home by overseas
Filipino sailors rose by $108 million or 4.51 percent to a new record of $2.501 billion in the nine months to September this year, from $2.393 billion over the same period in 2008,” TUCP secretary general and former senator Ernesto Herrera said.
Herrera attributed the rise to growing employment of Filipino seafarers.
“A growing number of European and Asian shipping firms are disbanding their multinational crews, and replacing them wholesale with all-Filipino personnel that are younger and more able,” Herrera disclosed.
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