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Philippine remittances hit $2.98B in August 2025, up 3.2% yearly, driven by the U.S., boosting the economy.
Cash remittances to the Philippines rose 3.2% year-on-year in August 2025 to $2.98 billion, with total personal remittances reaching $3.31 billion, according to the Bangko Sentral ng Pilipinas.
From January to August, cumulative remittances totaled $25.51 billion, up 3.1% from the same period in 2024.
The United States remained the top source, followed by Singapore and Saudi Arabia.
Remittances, a key economic pillar, continue to support household income and strengthen the peso, despite broader economic challenges including slowing growth and rising debt concerns.
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Las remesas filipinas alcanzaron $ 2.98B en agosto de 2025, un aumento del 3.2% anual, impulsadas por los Estados Unidos, impulsando la economía.