Monday, 16 August 2010

PHILIPPINES: Remittances rise 6.9% to $9.1 billion in H1

MANILA, Philippines - Money sent home by overseas Filipinos grew 6.9% in the first half of the year to $9.1 billion, the Bangko Sentral ng Pilipinas (BSP) reported Monday.

In June alone, remittances reached $1.6 billion, a year-on-year expansion of 8.3%.

Money remitted came mostly from the US, Canada, Saudi Arabia, Japan, United Kingdom, Singapore, United Arab Emirates and Italy. Read more

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