Overseas Filipinos’ cash remittances (February 2019)

MONEY SENT HOME through banks by Overseas Filipino Workers (OFWs) — which fuels household spending that, in turn, contributes nearly 70% to gross domestic product — grew in February, according to data the central bank released on Monday, but at the slowest pace in six months due to what one analyst said was muted business confidence in the face of global uncertainties. Read the full story.