2 weeks August decline ends dollar remittance bounce as OFW job losses mount Inquirer |Biz
MANILA, Philippines—Expatriate Filipinos sent home fewer dollars in August, ending a two month rebound, as overseas job losses due to the COVID-19 pandemic mounted, according to new data from the Bangko Sentral ng Pilipinas (BSP). In a statement, the central bank said personal remittances from overseas Filipinos in August 2020 declined year-on-year by 4.2 percent […] The post August decline ends dollar remittance bounce as OFW job losses mount appeared first on Inquirer Business. ... more