Saudi Arabia expands partnership with Brazilian meat operator
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Saudi Arabia expands partnership with Brazilian meat operator

DUBAI: Remittances from overseas Filipino workers (OFWs) in the Gulf region will remain depressed until 2022 as the financial impact of the coronavirus pandemic lingers.

Recruitment consultant Manuel Geslani said remittances would – at best – grow by two percent as workers’ deployment is countervailed by the repatriation of workers from crucial Filipino labor centers such as Saudi Arabia, the UAE, Kuwait, Bahrain, Qatar and Oman, where the majority of OFWs were deployed in 2018-2019.

“More than 400,000 domestic workers were sent to the Middle East, representing 70 percent of new hires in both years,” Geslani said, in a report from business daily BusinessMirror.

Remittances from overseas Filipino workers slipped 0.8 percent to…

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Unisys Corporation (LSE:USY) | RNS | Unisys Corporation

Unisys Corporation (LSE:USY) | RNS | Unisys Corporation