MANILA, Philippines — The amount of money sent home by overseas Filipino workers (OFWs) to their families in the Philippines posted a faster growth of 4.4 percent in June to hit the highest level in six months, according to the Bangko Sentral ng Pilipinas (BSP).
Data released by the central bank showed personal remittances – the sum of net compensation of employees, personal transfers, and capital transfers between households – grew by 4.4 percent to $3.06 billion in June from $2.94 billion in the same month last year.
This was the highest in six months or since the $3.3 billion recorded last December.