Personal remittances by overseas Filipino workers (OFWs) rose 5.5 percent year-on-year in May amid sustained demand for skilled Filipinos abroad and efforts by remittance service providers to expand their international and domestic networks.

Bangko Sentral ng Pilipinas (BSP) data showed that personal remittances reached $2.32 billion in May against $2.2 billion in the same month last year, bringing total remittances for the first five months to $10.97 billion, up 5.2 percent from the $10.43 billion recorded in the same period last year.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details