BusinessWorld E-paper
June 16, 2023
CASH REMITTANCES sent by overseas Filipino workers (OFWs) jumped by 3.7% year on year in April, as they continued to support their families amid
elevated inflation.
Data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances sent through banks stood at $2.48 billion in April, higher than $2.4 billion in the same month in 2022.
