PH remittance growth fell to a near 4-yr low in April

MANILA, Philippines – Overseas remittances from Filipinos grew at their weakest pace in nearly four years in April, as households became more cautious amid the economic fallout from the war in the Middle East. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that cash remittances rose by just 2 percent year-on-year to $2.7 billion