GROWTH of remittances from overseas Filipino workers slowed in April from a month earlier, but grew at a faster pace year-on-year, data from the Bangko Sentral ng Pilipinas (BSP) showed on Wednesday.
Personal remittances—representing overseas Filipinos’ earnings, personal transfers in cash or in kind, and capital transfers between households—grew by 3.8 percent to $2.443 billion, lower than the $2.606-billion posted in March, but higher than the $2.353 billion posted in April 2015.
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