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Manila Bulletin / Business Bulletin
Wednesday, may 16, 2012
Money sent home by overseas Filipino workers (OFWs) increased by 5 percent in March to $1.7 billion from $1.61 billion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
In a statement, BSP Governor Amando M. Tetangco Jr., said the continued increase in remittance flows in March brought the first-quarter level to $4.8 billion, higher by 5.4 percent than $4.6 billion recorded in the same period last year.
At end-March, remittances from land-based OFWs amounted to $3.7 billion, while sea-based cornered $1.1 billion, registering increases of 2.7 percent and 15.3 percent, respectively.
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1 comment:
Philippine is a average income country and i like this info for knowing this country. So thank a lot for sharing this. Remittance service
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