Philippines: Remittances rise 5% in 2016, hit record $26.9 B
MANILA, Philippines – Remittances from overseas Filipino workers went up by five percent to a new record high of $26.9 billion last year from $25.61 billion in 2015, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. “Cash remittances in 2016 continued to increase on the back of improving global economic conditions,” BSP Deputy Governor Diwa […]
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