Yr-to-Nov remittances surpass full-2016 target

MONEY sent home by overseas Filipinos posted double-digit growth in November from a year earlier, bringing the year-to-date tally above the full-year 2016 target set by the central bank.

The Bangko Sentral ng Pilipinas (BSP) said the increase in remittances largely came from land-based Filipino workers overseas. It listed the United States, the United Arab Emirates, Japan, Saudi Arabia and Qatar as the countries that contributed to the increase in total cash remittances.