Remittances from Filipinos abroad hits $2.8bn
Money sent home from Filipinos working abroad was up 7.8% in February compared to the same two-month period a year ago, reaching US$2.8 billion.
The increase could be due to an increased demand for skilled Filipino workers globally, along with increased access to improved money transfer services.
Around 1.42 million Filipinos left the country to work abroad last year. Over three quarters of their jobs were land-based and more than 80% of their remittances came from the United States, United Kingdom, Canada, Saudi Arabia, Japan, Singapore, the United Arab Emirates and Italy.
source & article: BusinessWorld Online
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