Remittances rise 3.5% to $3 billion in JanuaryMANILA, Philippines — Money sent home by Filipinos abroad climbed by 3.5 percent to $3.02 billion in January, as steady overseas employment continued to support inflows despite global uncertainties, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the central bank showed that cash remittances from overseas Filipino workers (OFWs) increased from $2.92 billion in the same month last year. Broken down by type of worker, land-based workers accounted for $2.41 billion of cash remittances during the month, while sea-based workers contributed $610 million. Personal remittances, which include transfers through banks and informal channels as well as remittances in kind, also increased by 3.5 percent to $3.36 billion from $3.24 billion a year earlier. Cash remittances rose by 3.3 percent to an all-time high of $35.63 billion in 2025 from $34.49 billion in 2024.

Source: Philippine Star March 16, 2026 16:48 UTC