BusinessWorld E-paper
December 20, 2023
REMITTANCE FLOWS to the Philippines are projected to grow by 5% this year and next year, the World Bank (WB) said, as demand for Filipino migrant workers remains strong.
Data from the World Bank showed the Philippines remained the fourth-largest recipient of foreign remittances in the world this year with $40 billion, after India ($125 billion), Mexico ($67 billion), and China ($50 billion).
