New gov’t bid to control OFW money failed under Marcos
MANILA — A NEW Executive Order that will give a cabinet-level unit power to control how overseas Filipino workers (OFWs) send and use their money is awaiting President Gloria Arroyo’s signature.
But groups say the EO forwarded by the Bangko Sentral ng Pilipinas to the Office of the President via the Presidential Management Staff is an old hat not fit for wearing. Likewise, it is a failed bid under President Ferdinand Marcos who, under a foreign reserve crisis in his time, trashed the idea, a migrant advocate said.
