MONEY sent home by overseas Filipino workers (OFWs) hit $3.42 billion in October, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, 2.7 percent higher compared to the year-earlier $3.33 billion.
MONEY sent home by overseas Filipino workers hit $3.42 billion in October , the Bangko Sentral ng Pilipinas reported on Monday, 2.7 percent higher compared to the year-earlier $3.33 billion.The amount was also higher than the $3.34 billion posted in September, but growth was the lowest in four months. October 's result, the BSP said in a statement, was driven by 'remittances from both land-based and sea-based workers.
30 billion from $27.49 billion.Cash remittance growth for the 10-month period was mainly due to inflows from the United States, Saudi Arabia, Singapore and the United Arab Emirates, the BSP said.By country source, the US continued to account for the biggest share , followed by Singapore , Saudi Arabia , Japan and the United Kingdom .Rounding out the top 10 were the UAE , Canada , Qatar , Taiwan and South Korea .Sought for comment, Rizal Commercial Banking Corp.
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