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Economy

Philippines and Indonesia face risk of record remittance fall

Inflows from US and Middle East may plunge, hitting vital source of income

Filipinos, seen here at a remittance counter in Makati City in Manila, are expected to suffer the most from a fall in remittances from overseas as the coronavirus pandemic leads to job losses and pay cuts.    © Reuters

JAKARTA -- The coronavirus pandemic has already disrupted the lives of poor people in Southeast Asia, but it threatens to deal a further blow by cutting a vital source of income -- remittances.

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