Philip­pine re­mit­tances rise

China Daily (Canada) - - BUSINESS -

Philip­pine per­sonal re­mit­tances grew by 8.5 per­cent year-on-year to $2.4 bil­lion in Jan­uary, the na­tion’s cen­tral bank said onWed­nes­day. Money trans­fers from land-based work­ers with work con­tracts of one year or more have pushed per­sonal re­mit­tances to grow. The con­tin­ued in­crease in per­sonal re­mit­tances was mainly driven by the 13.5 per­cent growth in trans­fers from land-based work­ers with work con­tracts of one year or more.

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