PH Expects $51B This Year from Remittances and BPO Earnings

The Philippines expects to earn more than $51 billion this year from the sustained inflow of remittances from overseas Filipino workers and the business process outsourcing sector, Dutch financial giant ING Bank said yesterday. Money sent home by Filipinos abroad would grow at least three percent from$25.8 billion in 2015 to $26.6 billionthis year. Revenues from the BPO sector would expand by up to16 percentto around $24 billion, reports