BusinessWorld E-paper
February 18, 2025
CASH REMITTANCES from overseas Filipino workers (OFWs) hit an all-time high of $34.49 billion in 2024, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Money sent home by OFWs through banks rose by 3% to $3.38 billion in December from $3.28 billion in the same month in 2023. This was the highest-ever monthly level for cash remittances.
