Remittances 2.4% higher in November

Money sent home by overseas Filipino workers (OFWs) in November rose from a year earlier but dropped from the previous month, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.

Personal remittances, which sum up the net compensation of OFWs, personal transfers whether in cash or in kind and also capital transfers between households, totaled $2.586 billion.