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Cash remittances up 2.9% in May

15 July 2025
in Business
Reading Time: 3 mins read
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Cash remittances up 2.9% in May
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By Luisa Maria Jacinta C. Jocson, Senior Reporter

MONEY SENT HOME by overseas Filipino workers (OFWs) rose by an annual 2.9% in May, although the monthly haul was the lowest in 12 months, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Cash remittances coursed through banks jumped by 2.9% to $2.658 billion in May from $2.583 billion in the same month a year ago, the central bank said on Tuesday.

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