OFW Remittances Drop for First Time in 12 Years
/Money sent home by Filipinos working or living abroad through banks declined for the first time in over 12 years in August, reports GMA News. Cash remittances amounted to $2.04 billion or 0.6 percent lower than the $2.06 billion recorded during the same month in 2014, according to figures released by the Bangko Sentral ng Pilipinas (BSP).