Personal remittances from Overseas Filipino Workers (OFWs) for the first four months of the year totalled 10.4 billion USD, a rise of 4 percent year-on-year, said the Central Bank of the Philippines on June 19.
The central bank of the Philippines reported on May 16 that the amount of remittances sent back home by overseas Filipinos has reached 7.8 billion USD in the first quarter of 2018, up 1.3 percent year-on-year.
Overseas Philippine workers sent home 2.6 billion USD in August, a surge of 16 percent year on year, according to bank sources.
Foreign investment pledges approved by the Philippines’ investment promotion agencies increased by 31.2 percent to 245.2 billion PHP (5.2 billion USD) last year.
Remittances sent home by overseas Filipino workers (OFWs) hit a new high in 2015 with 28.5 billion USD as of the end of December, according to the Central Bank of the Philippines (BSP).
Personal remittances by overseas Filipino workers grew 5.3 percent to 13.37 billion USD in the first six months of 2015, according to the Manila Times.
