Read this in The Manila Times digital edition.
CASH remittances sent by overseas Filipino workers (OFWs) in the first three quarters of 2024 reached $25.23 billion, up 3 percent from the $24.49 billion sent home in the same period last year. Analysts say these remittances remain a bright spot in the economy because they boost consumer spending, which accounts for more than 70 percent of the domestic economy's output. They also strengthen the current account and support the peso.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.