Fewer OFW Families Are Saving--Central Bank

Fewer remittance-receiving families want to save money, a new Bangko Sentral ng Pilipinas (BSP) survey showed, presenting a setback to the regulator’s efforts toward financial inclusion. The number of savers among households that rely on cash from migrant workers suffered the sharpest drop since 2010 as those favoring major purchases remained steady, a BSP survey on family income showed, reports Inquirer.net.