Philippines central bank expected remittances to incline this year
Philippines central bank expected remittances from overseas workers to incline at least 4% this year before it climb 6% in 2010, having in mind that remittances recorded $16.4 billion in 2008.
Remittances from overseas Filipinos rose 18.17 per cent in the first seven months of the year as more Filipinos found employment abroad, the Philippine central bank said Monday.