MONEY SENT HOME by overseas Filipino workers (OFWs) rose to a record-high level in December that brought the full-year total well above a downward-revised official 4% estimate for 2015, according to the central bank.
In a statement, the Bangko Sentral ng Pilipinas (BSP) said cash remittances totaled some $2.47 billion in December — the biggest inflows posted in any month and 4.9% more than the $2.354 billion seen a year prior.
Remittances traditionally peak every December as OFWs send money to their families for Christmas.
