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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 16/Aug 16:04

Feeling the pinch: OFW remittances slowing

THE growth of cash remittances sent by Filipinos working abroad slowed to 2.5 percent in June 2024, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP). The tepid growth was framed by a veteran analyst of remittance data as an indication that OFWs’ host countries “still feel the pinch of higher costs of prices.”

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