By Julito G.
Rada | Posted on Jun. 18, 2013 at 12:00am |
[
manilastandardtoday.com ]
PERSONAL
remittances from migrant Filipino workers increased 7 percent in April to
$2.003 billion from $1.871 billion year-on-year, driven by the demand for local
workers overseas, the Bangko Sentral ng Pilipinas said Monday.
The Bangko
Sentral said the May figure brought personal remittances in the first four
months to $7.7 billion, up 6.4 percent from $7.2 billion on year.
Remittances
of land-based workers comprised about three-fourths of the total. Remittances
from sea-based and land-based workers with short-term contracts grew 9.4
percent.
“Cash
remittances… coursed through banks also grew by 5.7 percent in the first four
months to reach $6.9 billion, with sea-based and land-based workers’
remittances rising by 9.3 percent and 4.6 percent, respectively,” the central
bank said.
The United
States, Saudi Arabia, Canada, the United Kingdom, the United Arab Emirates,
Singapore and Japan were the top sources of remittances.
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