Mideast guide to impact of crisis on OFWs

PASIG CITY. Philippines — As the plane nosed down to its landing in Dubai, economist Josef Yap sensed a portent of things to come for Filipino workers in the Middle East and the labor export industry.

“These are the scenes of the Asian financial crisis of 1997,” Yap recalled saying to himself and to three other Southeast Asian economists during that visit in the financial capital of the United Arab Emirates.

Read more..

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>