THE AYALAS’ BANK OF THE PHILIPPINE Islands (BPI), the country’s biggest banking channel for overseas Filipino remittances, has shrugged off some economists’ projection of a sharp decline in the remittances inflows this year.
Despite the lingering global financial turmoil that resulted in a major global downturn, the Philippines can still attain a modest growth in remittances or, at the worst case, match the inflows last year, BPI president Aurelio Montinola III told reporters. Read more
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