It is also a positive development for Japan as it can fill its shortage of foreign workers, especially in industries where there is a high demand for skilled workers such as nursing and caregiving.
The aggregate amount of suspicious transactions was initially estimated at PHP37m ($760,000), sourced from GCash users worth only a few thousand pesos each.
Romualdez said the additional measures “support the President’s Agenda for Prosperity and his eight-point socio-economic roadmap. They are intended to sustain our economic growth, hasten the country’s digital transformation and speed up the delivery of public services to our people, among other objectives.”