Philippines: Remittances growth rises in November
Remittances totaled USD 2.5 billion in November, representing a 5.1% year-on-year expansion. This follows October’s 2.3% year-on-year increase. On a cumulative 12-month basis up to November, remittances summed USD 31.3 billion, above the USD 31.2 billion registered in October. November’s 12-month rolling total signaled a 4.7% increase from a year earlier (October: +4.3% year-on-year).