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Filipino workers sent $3.02 billion home in February, up 2.6% but the lowest in nine months.
Filipino workers abroad sent home $3.02 billion in February, a 2.6% increase from last year but the lowest amount in nine months.
The growth in remittances is attributed to workers in the US, Saudi Arabia, Singapore, and the UAE.
Despite a slight slowdown due to seasonal factors and economic uncertainties, remittances remain a vital source of foreign exchange, supporting consumer spending in the Philippines.
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Los trabajadores filipinos enviaron 3,02 mil millones de dólares a casa en febrero, un aumento del 2,6% pero el más bajo en nueve meses.