On Monday, Bangko Sentral ng Pilipinas announced December 2009 remittance data, calling cumulative remittances from overseas Filipinos “stronger-than-expected in 2009, growing year-on-year by 5.6 percent to US$17.3 billion”(1). According to the bank, December remittances grew by 11.4 percent and amounted to US$1.6 billion. This brings the total for the year to 10.8 percent of GNP.
Thursday, February 18, 2010
December Remittance Data Released
On Monday, Bangko Sentral ng Pilipinas announced December 2009 remittance data, calling cumulative remittances from overseas Filipinos “stronger-than-expected in 2009, growing year-on-year by 5.6 percent to US$17.3 billion”(1). According to the bank, December remittances grew by 11.4 percent and amounted to US$1.6 billion. This brings the total for the year to 10.8 percent of GNP.
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