Market

On a roll, remittances post growth in September

Published by
Philippine Star

Ian Nicolas Cigaral – Philstar.com November 15, 2021 | 6:35pm MANILA, Philippines — Money sent home by Filipinos abroad continued its growth in September, helping fuel household spending in an economy starved of consumption by the pandemic. What’s newCash remittances coursed through banks grew 5.2% year-on-year to $2.73 billion in September, the Bangko Sentral ng Pilipinas reported Monday. This was due to the increase in receipts from land-based and sea-based workers, which rose by 6.2% and 1.9%, respectively. In the first nine months, remittances amounted to $23.1 billion, up 5.6% compared wi…

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