finance

Manila economy affected by OFW remittances decline

Personal remittances fell to a one-year low in May according to Bangko Sentral ng Pilipinas data.

By The Daily Manila · Published July 25, 2026

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This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. The Daily Manila is part of The Daily Network and follows our reasonable editorial care.

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Personal remittances including cash sent through banks and informal channels dropped by 0.13 percent month on month in May according to Bangko Sentral ng Pilipinas data reported in manilatimes.net.

Cash remittances alone totaled 2.71 billion US dollars in May which was lower by 0.18 percent compared to April and up 2.0 percent from May 2025 levels according to the same source.

Sources: manilatimes.net.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

References Sourced but Not Limited to:

manilatimes.net · Ofw remittances hit one year low in may

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