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REMITTANCES are expected to decline 9.7% year on year in the second half on the back of weaker-than-usual December inflows, according to ANZ Research.
CASH REMITTANCES may continue to decline through 2021, as more overseas Filipino workers (OFWs) are expected to lose their jobs.
GLOBAL REMITTANCE inflows could still grow this year, although some countries and sectors may see some impact from the pandemic, UniTeller said.
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CASH remittances slipped to a two-month low in June due to smaller flows from the Middle East, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.
OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday.
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