OFW remittances reach all-time high in 2023
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00:00 The Banco Central ng Pilipinas or BSP reported remittances from overseas Filipinos hit a record
00:05 high in 2023. The remittances stood at $37.2 billion higher by 3% from the $36.1 billion in
00:15 2022. OFW remittances in December 2023 also posted a record high of $3.6 billion which is 3.9% higher
00:25 than December's 2022 $3.5 billion. The central bank said the United States was the biggest source
00:32 of remittances for the year followed by Singapore, Saudi Arabia, Japan and the United Kingdom.