Remittances Up by 3.2% in First Half of 2016

Remittances expanded by 4.8 percent to $2.33 billion in June, the biggest increase since the 8.4 percent recorded in February. For the first semester, remittances hit $13.19 billion, up 3.2 percent year-on-year. The government projects a growth rate of four percent this year after last year’s increase of 4.6 percent. The number of deployed new workers in foreign countries hit 316,716 in the first half, adding to more than 10 million Filipinos…

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