Cash remittances to stay positive

Cash remittances to stay positive – HSBC

Jul 16, 2018 12:59 am

Banking giant HSBC believes that cash transfers by Filipinos working abroad are gaining momentum as growth was likely sustained in May.

“We expect remittances to rise 7.5 percent month-on-month and 9.2 percent year-on-year in May as overseas transfers begin to recover after a slow start to the year,” HSBC said in a report released over the weekend.

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