Weakening In Philippines’ Oversea Workers Remittances, But There Are Silver Linings

Economic Research	01 Aug 2016
Philippines
Economic Highlights
Weakening In Philippines’ Oversea Workers Remittances, But There Are Silver Linings Personal remittances (which include cash and other remittances) from OFWs posted a slower growth in 5M16 and in 2015, in line with slower global economic growth, stricter US visa requirement and the economic hardship in the Middle East. Economist:  Rizki Fajar  | +6221 2970 7207
To access our recent reports please click on the links below: 01 Aug:  Money Supply and Bank Lending Decelerate In June 01 July: Money Supply and Bank Lending Continue to Increase In May 24 June: Policy Rates Keep On Hold In June Under the New IRC System 20 June: As Expected, Current Account Surplus Dwindled in 1Q 2016 13 June: Exports Still Contract in May, But By A Smaller Magnitude 07 June: Inflation On Upward Trend