Reuters
Remittances from Filipinos working overseas rose 18.35 percent year-on-year in April, accelerating sharply from 9.4 percent annual growth in March, the central bank said on Friday.
Remittances for April reached $1.4 billion as workers, including nurses, IT professionals, sailors and maids, sent home money ahead of the start of the school year in June, when families need to pay for fees, books and uniforms.
Inflows in the first four months of the year amounted to $5.4 billion, 14.5 percent higher than a year ago. [More]
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