ManilaTimes-Dec 16

Money sent home by overseas Filipino workers (OFWs) increased to its highest level in three months in October, but were not enough to boost the year-to-date amount, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. Central bank data showed that personal remittances — personal transfers in cash or kind and capital transfers between households — reached $3.04 billion in the 10th month, a 5.4-percent and 2.5-percent increase from $2.88 billion in September and $2.96 billion in October 2019, respectively.

The amount was the widest since July’s $3.08 billion.

Read more at: https://www.manilatimes.net/2020/12/16/business/business-top/ofw-remittances-hit-3-month-high-in-oct/811772/