Remittances to the Philippines grew at a faster 3.2% in August

MANILA, Philippines — Remittances from overseas Filipinos grew at a faster clip in August, reflecting their resilience amid global headwinds. This growth is likely to remain strong through the year’s end, as the early onset of the holiday season in the Philippines encourages expatriates to send more money home.

Cash remittances coursed through banks rose by 3.2 percent in August, signaling continued support from overseas Filipino workers despite economic challenges worldwide.

https://business.inquirer.net/552759/ph-remittances-grew-at-a-faster-3-2-in-aug

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