OFW remittances up 3.8% to P2.77B in April

Jun 16, 2023 12:26 am

OVERSEAS Filipino workers (OFWs) remittances rose by 3.8 percent to $2.77 billion in April from $2.67 billion a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.

The increase was attributed to higher remittances from land-based workers with contracts of a year or more and sea- and land-based OFWs with contracts of less than a year.

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