Philippine remittances up by 4 pct in September

0 Comment(s)Print E-mail Xinhua, November 15, 2022
Adjust font size:

MANILA, Nov. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.15 billion U.S. dollars in September, or 4 percent year-on-year growth, the Philippine central bank said on Tuesday.

The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances in the first three quarters of 2022 rose by 3.1 percent to 26.49 billion U.S. dollars.

The BSP said the United States, Saudi Arabia, Singapore and Qatar contributed mainly to the remittances increase in this period.

Filipinos have worked and settled across international borders over the past decades and personal remittances remain a major source of the Southeast Asian country's foreign exchange inflows.

In 2021, remittances from overseas Filipino workers rose by 5.1 percent, reaching 34.88 billion dollars, or 8.9 percent of gross domestic product. Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from