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ASEAN

Philippine cash remittances grow at slowest pace in over four years

Cash remittances from overseas Filipinos posted the slowest annual rise in more than four years in June, central bank data showed.

Source: BusinessWorld Philippines · August 17, 2026 at 4:40 AM · AI-assisted report

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Philippine cash remittances grow at slowest pace in over four years
Image: bworldonline.com

SINGAPORE, 17 AUGUST 2026 —

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Cash remittances from overseas Filipinos posted the slowest annual rise in more than four years in June, central bank data showed.

Market Impact

Filipinos abroad sent home $3.039 billion in June, up 1.7% from $2.987 billion a year earlier, Bangko Sentral ng Pilipinas reported. The monthly figure was the highest since December, when inflows reached $3.522 billion.

The 1.7% increase was the weakest year-on-year growth since February 2022, when remittances rose 1.3%. First-half remittances totalled $17.149 billion, a 2.4% gain from $16.753 billion in the same period last year.

Personal remittances, including cash and in-kind transfers, rose 1.8% to $3.388 billion in June from $3.329 billion a year ago. Seasonally adjusted personal remittances also increased in June, the central bank said.

The United States remained the largest source of remittances, followed by Singapore and Saudi Arabia, based on reported transaction data.

The central bank now expects cash remittances to rise 2.7% this year to $36.6 billion, down from its previous forecast of 3.3% growth to $35.6 billion.

Related: Bangko Sentral · Singapore

Reporting based on BusinessWorld Philippines. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.