Friday, 16 January 2009

PHILIPPINES: OFW remittances hit $15B in January-November

By Des Ferriols Updated January 16, 2009 12:00 AM

Remittances from overseas Filipino workers (OFWs) reached $15 billion during the first 11 months of 2008, up 15 percent from the same period in 2007, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

Dollar inflow in November reached $1.3 billion, 10.5 percent higher than remittances recorded over the same month of 2007. Read more

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