OFW remittances hit $10.8B in Jan-April

MONEY sent home by overseas Filipino workers (OFWs) reached $10.811 billion in the first four months of 2019, a 3.7-percent increase from $10.426 billion in the same period last year, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

For April alone, personal remittances totaled $2.713 billion, up 3.7 percent from $2.616 billion in the same month in 2018, but down 2.9 percent from $2.796 billion in March this year.