Remolona: PH facing dual pressure from oil surge, remittance risk

The ongoing war in the Middle East, which hosts more than 2 million Filipinos, could disrupt remittances to the Philippines, the Bangko Sentral ng Pilipinas (BSP) said, potentially straining household budgets already hit by rising oil prices. “There’s some downside risk in terms of demand for our labor services. We’re a major exporter of labor