Overseas Filipino remittances slow to 2% in April

MANILA, Philippines – Remittances from Filipinos abroad grew at a slower pace in April after reaching $2.7 billion, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Monday. Latest data showed cash remittances rose by 2 percent year-on-year in April, slower than the 2.3-percent growth recorded in March and marking the weakest pace of increase in nearly three years. READ: PH remittance growth slows to near 3-yr low For the first four months of the year, cash remittances increased by 2.6 percent to $11.4 billion. The United States remained the largest source of cash remittances from January to […]... Keep on reading: Overseas Filipino remittances slow to 2% in April