By Luisa Maria Jacinta C. Jocson, Reporter
MONEY SENT HOME by migrant Filipinos rose by 2.9% year on year in January, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Cash remittances from overseas Filipino workers (OFWs) coursed through banks increased by 2.9% to $2.92 billion in January from $2.84 billion in the same month in 2024.
The 2.9% annual growth in January was a tad slower than the 3% expansion seen in December 2024.
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