BusinessWorld E-paper
October 16, 2025
MONEY SENT HOME by overseas Filipino workers (OFW) went up by 3.2% year on year in August, as the weaker peso drove up the value of remittances, data from the Bangko Sentral ng Pilipinas (BSP) showed.
In a statement, the BSP said cash remittances coursed through banks increased by 3.2% to $2.977 billion in August from $2.885 billion in the same month last year.
