Filipinos working abroad, also known as Overseas Filipino Workers (OFW), do not lose their basic rights as citizens of the Philippines despite working and being physically present in another country.
Every year, it is estimated that more than a million Filipinos leave to work abroad, or around 4,500 Filipinos every day. Data from the Philippine Overseas Employment Administration (POEA) shows that roughly 9.5 million to 12.5 million Filipinos currently work or reside abroad. This translates to around 10-11%
The Philippine Peso might reach P41.50 to the dollar by end-2007, and can further appreciate to P37.50 next year, according to CitiGroup Inc. The global banking giant said the continuing rise of the peso will be caused by the robust flow of remittances from overseas
According to a GMANews.tv report, as much as 20,000 jobs are waiting for Filipinos in Guam, a United States territory, in the next 3 to 5 years. Without a doubt, the cheap but skilled Filipino manpower is still in great demand in the international market.