PH remittance growth slowed in Feb to 2.7%
The United States was the single biggest source of remittances in the first two months of the year.
MANILA, Philippines – Money sent home by Filipinos abroad posted a slower growth in February, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.
Cash remittances grew by 2.7 percent to $2.72 billion in the second month of the year.
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This growth, however, was slower than the 2.9 percent expansion seen in January.
In the first two months of 2025, remittances amounted to $5.63 billion, up by 2.8 percent.
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