Philippines: Current account gap widens in first half
Strong domestic demand has driven imports higher, pushing the current account gap to $3.1 billion in the first half of the year, or -1.9% of GDP. We…
Philippines: Overseas remittances rise but is it enough?
Overseas Filipino Worker cash remittances moderated in May to $2.47 billion, a 6.9% year on year increase but $1.2 billion short of the amount needed to…
Philippines: Worker remittances bounce back
Overseas Filipino Worker cash remittances jumped by 12.7% in April but the amount is still short of $1.3 billion to cover the April trade deficit. This is…
Overseas Filipino worker remittances dropped 9.8% to $2.36bn in March due to fewer banking days and high base effects. Weak remittances are keeping the…
Remittance growth slowed in February due to a 10% drop from the Middle East. This bodes ill for the Philippine peso
Philippines: Overseas remittances surprise
