Automakers Cite OFWs as Key Factor in Growth
August 23, 2008 by Tsikot · 2 Comments
The country’s automotive industry has exhibited a steady growth through the years despite the global economic crunch – thanks in part to the inflow of dollars from overseas Filipino workers (OFWs).
“OFW remittances and the growing entrepreneurship trend are key factors that sustain vehicle sales,” said Elizabeth Lee, president of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI). Read more
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