FW remittances to continue buoying PH economy
Domestic growth is seen to be continuously supported by inflows from overseas Filipino workers (OFWs), which remains resilient amidst the repatriation of around 700,000 workers since the pandemic hit in 2020. On Friday, the Bangko Sentral ng Pilipinas (BSP) reported the 5.1 percent year-on-year jump in cash remittances last August to USD2.609 billion and the 5.7 percent increase in the
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