Overseas Filipino Workers (OFWs) are planning a significant economic protest called “Zero Remittance Week” from March 28 to April 4, 2025. This movement is a response to the arrest of Former President Rodrigo Roa Duterte by the International Criminal Court (ICC). The campaign aims to pressure the Philippine government by halting remittance inflows, which are vital to the nation’s economy.
Why OFWs Are Protesting
The decision to launch Zero Remittance Week comes after the ICC issued an arrest warrant for Duterte, prompting widespread reactions from his supporters, including OFWs. Many believe that the charges are politically motivated and want to show their discontent through financial means.
Economic Impact of OFW Remittances
OFW remittances are a key driver of the Philippine economy, contributing around 10% of the country’s Gross Domestic Product (GDP). The absence of remittances, even for a short period, can affect the value of the peso, increase inflation, and disrupt the livelihoods of many families who rely on financial support from abroad. According to economic analysts, this protest could have a temporary but significant impact on local markets and government resources.
Malacañang’s Response
Malacañang has appealed for calm and reconsideration, with Presidential Communications Office (PCO) Undersecretary Claire Castro urging OFWs to think about the consequences of this action. The government recognizes the concerns of OFWs but warns about the potential economic repercussions of halting remittances.
Public Reactions
The planned protest has sparked mixed reactions among Filipinos. Some OFWs and their families support the movement, believing it is a powerful way to demand government accountability. Others, however, express concern over the financial strain it may cause, especially to households dependent on daily remittance support.
What Happens Next?
As the March 28 start date approaches, it remains uncertain how many OFWs will participate and how this could impact the economy in the short and long term. The government is expected to release further statements addressing the issue, and economic analysts will be closely monitoring its effects.
Stay updated with the latest news on Zero Remittance Week and its potential impact on the Philippine economy.
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