Sponsored Links
SEARCH THIS SITE
JBSOLIS is a site for overseas Filipino workers, Philhealth and insurances, OWWA, PAG-IBIG, bank and cash loans, foreclosed properties, small house designs, local and overseas job listings.
EXCHANGE RATE HERE, CHOOSE CURRENCY
Advertisement

Thursday, October 27, 2016

10 THINGS TO BE MOST LIKELY AFFECTED OF PHILIPPINES "SEPARATION" WITH THE US



Millions of overseas Filipino Workers (OFW) in the United States and American businesses in the Philippines will not be affected with the constant tirade of President Rodrigo Duterte against the US.

This was the assurance of Malacañang in front of Duterte's announcement of "separation" from the US.

The President already clarified his statement and said he means "separation from dependency."

Presidential spokesperson Ernesto Abella said, American-owned businesses in the country no need to be pulled out and OFWs will no be affected.



(WATCH:Palace: OFWs, businesses won’t be affected by PH ‘split’ from US)




"SPLIT" FROM THE US? WHO ARE THE MOST LIKELY TO BE AFFECTED?

1. OFWs and BPO sector are two of the country's biggest growth drivers. The effect of potential US investors staying away is particularly worrying for the BPO industry as it is the sector's dominant source of export revenue, accounting for 72.6%.

2. 77% of IT and business process management (IT-BPM) companies in the Philippines are dependent on American companies and of course American clients.


(WATCH:BPO industry raises concern over Duterte's statements)



(WATCH: Ilang nasa BPO industry, nag-aalala sa mga posibleng epekto ng mga pahayag ni Pres. Duterte)




3. The US is home to almost 6 million Filipinos. This is the largest Filipino population outside of the Philippines.

4. More or less 43% of the remittances from OFW abroad originate in the US according to United States Ambassador to the Philippines Philip Goldberg.

5. Trade relation between Manila and Washington amounts to $16.491 billion favoring the Philippines. 

6. The US is the largest private foreign investors in the Philippines.

(WATCH: Anu-ano ang mga epekto ng mga kilos at pananalita ni Pres. Duterte sa ekonomiya?)





7. American companies are the largest private employers of Filipinos.

8. The largest exporter of the Philippines is also American companies.

9. The US is the 3rd largest trading partner of Philippines, next to Japan and China.



10. Today, there are 3.5 million Filipino-Americans. Filipinos comprise the second largest group of Asian Americans, numbering more than 3.5 million individuals,  Of these, around 2.5 million are adults 18 years old and above.

SEE ALSO:

WATCH: "THE NEXT GENERATION OF FILIPINOS WILL NOT BE OVERSEAS WORKERS" - PRES DUTERTE

THERE IS SOMETHING IN AMERICAN GOVERNMENT THAT DUTERTE HATES

DUTERTE LAID OUT PLAN TO WIPE OUT HUNGER AND POVERTY BY 2040

3 MAJOR CAR COMPANIES, EYING EXPANSION IN THE PHILS





©2016 THOUGHTSKOTO