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flag Philippine remittances hit $2.98B in August 2025, up 3.2% yearly, driven by the U.S., boosting the economy.

flag 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. flag From January to August, cumulative remittances totaled $25.51 billion, up 3.1% from the same period in 2024. flag The United States remained the top source, followed by Singapore and Saudi Arabia. flag 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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