Philippines: Remittances growth eases further in January
Remittances totaled USD 2.7 billion in January, representing a 2.5% year-on-year expansion. This follows December’s 3.3% year-on-year increase. On a cumulative 12-month basis up to January, remittances summed USD 31.5 billion, above the USD 31.4 billion registered in December. January’s 12-month rolling total signaled a 5.4% increase from a year earlier (December: +5.1% year-on-year).