By Erika Mae P. Sinaking, Reporter and Justine Irish D. Tabile, Senior Reporter
THE GOVERNMENT is preparing measures to protect remittance flows and cushion the domestic impact of escalating tensions between Israel and Iran, the presidential palace said on Wednesday, as President Ferdinand R. Marcos, Jr. ordered agencies to safeguard overseas Filipinos and monitor risks to fuel prices and financial markets.
The President is closely tracking developments in the Middle East, particularly their potential effect on overseas Filipino workers (OFW) and remittances, a critical source of foreign exchange for the Philippines, it added.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
