Philippines: Remittances down 2.4% in 7 months
MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) declined by 2.4 percent to $16.08 billion from January to July compared to $18.66 billion in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). “The lower actual decline (of 2.4 percent) is a huge departure from many pessimistic forecasts that remittances […]
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