Tag: remittances
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Fastest in five months: Cash remittances jump by 3.6% in May — BSP
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MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.6% in May, its fastest pace in five months, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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Middle East tensions may impact OFW remittances, inflation
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By Luisa Maria Jacinta C. Jocson, Reporter THE ONGOING Israel-Iran conflict may hurt remittances from Middle East-based overseas Filipino workers (OFWs), as well as increase volatility in oil prices that may stoke inflation, analysts said. “This might be exacerbated by the potential effect on Filipino OFWs. While in the past, alternative…
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Slowing PHL remittances may weaken consumption
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PHILIPPINE domestic demand could ease this year as remittance inflows are muted by reduced overseas hiring, Pantheon Macroeconomics said.