ECONOMIC INDICATORS.

Continuing uncertainties here and abroad have made overseas Filipino workers (OFWs) think twice about remitting their hard-earned dollar earnings. With the latest mishaps in the United States and the jitters over its war against terrorism in Afghanistan clouding the prospects of true economic recovery, the level of workers' remittances is seen to get worse before it gets better.

In particular, total remittances for the first semester of the year slipped to $2.7 billion from $3.1 billion the same period last year, the latest report from the Bangko Sentral ng Pilipinas (BSP) show.

However, this latest 13% drop is slower than the year-ago 20.6% plunge.

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