Since assuming office in late January, US President Donald J. Trump has tightened border enforcement, ordered a crackdown on illegal immigration and has moved to limit foreign workers.
“Such policies tend to make OFWs more cautious, possibly reducing remittance amounts or sending frequency,” John Paolo R. Rivera, a senior research fellow at the òòò½´«Ã½, said in a Viber message.
“Given that the US is a major source of Philippine remittances, these developments could make it harder to hit the BSP’s 3% growth target for remittances,” he added.
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