- May 17, 2022
- Posted by: admin
- Category: Daily News
- MONEY SENT HOME by overseas Filipinos rose by 3.2% in Mar 22, reflecting improved economic conditions in many host countries as pandemic restrictions eased.
- The Mar 22 remittance growth is also the fastest in three months or since the 3.3% rise in Dec 21.
- In 1Q22, cash remittances rose by 2.4% y/y to USD7.77bn, from USD7.59bn in 1Q21. This was mainly due to higher inflows from the United States, Japan, Singapore, Taiwan, and Saudi Arabia.
- The BSP expects remittances to grow by 4% in 2022.