By Luisa Maria Jacinta C. Jocson, Reporter
CASH REMITTANCES from overseas Filipino workers (OFW) rose by 2.7% in October, the slowest growth in four months, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Data from the central bank showed that cash remittances increased to $3.08 billion in October from $3 billion in the same month a year ago.
The remittance growth rate was the weakest since the 2.5% logged in June this year. October also marked the first time in four months that growth fell below 3%.
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