OFW cash remittances slump to a one-year low in May

WIRE — By Katherine K. Chan, Reporter MONEY sent home by migrant Filipinos fell to its lowest level in a year in May, with the annual growth steadying from the prior month, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. Cash remittances from overseas Filipino workers (OFWs) rose by 2% year on year to $2.713 billion in

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