Remittances seen to grow 5 percent this year despite pandemic: stakeholder

ABS-CBN News

Posted at Sep 17 2021 11:05 AM

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MANILA - Remittances are likely to grow by 5 percent this year despite the pandemic due to continued increase in key market sources and a rebound in some nations, WorldRemit PH country director Earl Melivo told ANC. 

In July, cash remittance rose 2.5 percent in July to $2.853 billion, data from the Bangko Sentral ng Pilipinas showed.