OFW remittances up 3.1% in April

Jun 18, 2024 12:35 am

OVERSEAS Filipino worker (OFW) remittances hit $2.86 billion in April, Bangko Sentral ng Pilipinas (BSP) data showed on Monday, 3.1 percent higher compared to the year-earlier $2.77 billion.

'The increase in personal remittances in March 2024 was due to remittances from land-based workers with work contracts of one year or more and sea- and land-based workers with work contracts of less than one year,' the BSP said in a statement.

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