Money sent home monthly by overseas Filipino workers (OFWs) rose to $2.58 billion in May, resurging from a 15-month low in April largely on the back of remittances from land-based workers with long-term contracts, the Bangko Sentral ng Pilipinas (BSP) said.
Data released by the Bangko Sentral on Monday showed personal remittances increased by 11.6 percent from an inflow of $2.31 billion in April and by 7.1 percent from an inflow of $2.41 billion in May 2016.
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