{"id":595691,"date":"2026-08-17T05:14:08","date_gmt":"2026-08-17T05:14:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/595691\/"},"modified":"2026-08-17T05:14:08","modified_gmt":"2026-08-17T05:14:08","slug":"philippine-cash-remittances-post-slowest-growth-in-over-4-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/595691\/","title":{"rendered":"Philippine cash remittances post slowest growth in over 4 years"},"content":{"rendered":"

\"\"A money changer counts dollar bills at an establishment in Quezon City, Jan. 15, 2026. \u2014 PHILIPPINE STAR\/MIGUEL DE GUZMAN<\/p>\n

By Katherine K. Chan, Reporter<\/p>\n

Cash remittances from Filipinos abroad grew by its slowest pace in over four years in June even as the monthly level stood at a six-month high, Bangko Sentral ng Pilipinas (BSP) data showed.<\/p>\n

Overseas Filipino workers (OFWs) sent home a total of $3.039 billion in cash remittances in June, rising by 1.7% from $2.987 billion a year ago.<\/p>\n

This was the highest monthly remittance inflows since December last year, when it reached $3.522 billion.<\/p>\n

However, the 1.7% growth was the weakest annual growth in four years and four months or since the 1.3% in February 2022.<\/p>\n

\u201cCash remittances reached $3.04 billion in June 2026, the highest monthly cash remittance level recorded in the first half of 2026,\u201d the central bank said in a statement on Monday.<\/p>\n

This brought the first-half cash remittances to $17.149 billion, up by 2.4% from $16.753 billion.<\/p>\n

Meanwhile, personal remittances amounted to $3.388 billion in June, up 1.8% from $3.329 billion the prior year.<\/p>\n

\u201cSeasonally adjusted personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, likewise increased in June 2026,\u201d the BSP said.<\/p>\n

As of June, personal remittances went up by 2.4% to $19.123 billion from $18.672 billion last year.<\/p>\n

\u201cThe United States remained the top source of inflows, followed by Singapore and Saudi Arabia, based on reported remittance transactions by origin,\u201d the central bank said.<\/p>\n

The BSP sees cash remittances rising by an annual 2.7% to $36.6 billion this year, slower than the 3.3% to $35.6 billion in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"A money changer counts dollar bills at an establishment in Quezon City, Jan. 15, 2026. \u2014 PHILIPPINE STAR\/MIGUEL…\n","protected":false},"author":2,"featured_media":595692,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,200470],"class_list":["post-595691","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland","tag-katherine-k-chan"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/595691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=595691"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/595691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/595692"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=595691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=595691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=595691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}