By Luisa Maria Jacinga C. Jocson, Reporter
Money sent home by migrants The Philippinos woke up at 2.9% year Year in January, Bangko Sunctional actionIt said Tral Igipipapas (BSP) on Monday.
The fee payable from the Overses Filipino Worker (OFW) banks have increased by 2.9% for $ 2.92 billion in January from 2024 billion per month in 2024.
2.9% annual growth in January was slow than 3% expansion in December 2024.
Month month, money decreased with 13.7% from $ 3.38 billion in December.
The money paid in January was the lowest levels of two months or from $ 2.81 Billion in November.
The BSP data has shown that the finances issued from employees in areas of 3.4% to $ 2.33 billion in January from $ 2.25 billion last year.
Sea-based offs sent home $ 587 million during the month, entering 0.9% from $ 582 million last year.
“Growing from Saudi Arabia, United Arabia, United States, and the United Arab Emirates especially contributed to increased income on January 2025,” said Central Bank.
In January, the US lived at the main coins, Count of 41.2% of the total value.
This was followed by the Ugapore (7.5%), Saudi Arabia (6.6%), Japan (5.7%), and the United Kingdom (4.7%).
UAE (3.5%), Canada (3.1%), Taiwan (2.8%), Qatar (2.8%), and Malaysia (2.4%) had the principal sources of money.
Release from 10 tops is calculated for more than 80% of the general charge during the month.
Reyes Tacandong & Counse Counseling Jonathan L. Ravas decreased on 13.7% of the month is “insured” because the quantity of time has been seen in the fourth quarter.
“It is expected to be a decline in monthly as the results of the holiday season,” Reinelle Matt M. Erice, Economist at Oikonomia Advisory and Research, Inc.
“Usually, a rapid income during the last months of the year as families celebrate holidays,” add.
At that time, the medium bank data has shown the payment, containing the entry, increases by 2.9% to $ 3.24 billion in the same month in 2024.
“The increase was considered in areas from both world-based workers and based on the sea, adding.
Funds from employees have one or more years of Rose by 3% billion to $ 2.52 billion, while those with less than $ 650 million contracts.
In the coming months, Mr Ereece said the risk from the global recession could reduce the amount of money.
“This year, we should look for persistent economic uncertainties caused by trading wars and geopopolitical conflicts, which can cause funding as the cost of paying high costs of high cost,” he said.
Markets are the number of potential US source President US Donald J. Trump of tarfs worldwide. Among these suggestions are tax returns that Mr. Trump has promised to force all US ‘traling employers.
“We should also monitor the exchange rates, which are the relevant FED and BSP financial policies. The monumental feed may cause a decline in persece, to attract payment revenue.
While the US Central Bank is expected to maintain the loan amount in Wednesday, their impact on US inflation inflation and growth will be considered highly, the report said.
A 3% annupring revocation of a year to $ 34.49 billion in 2024. The BSP expects $ 3% growth this year.
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