PH remittances posted slow growth despite June peak

MANILA, Philippines — Cash remittances reached $3.04 billion in June 2026, the highest monthly level in the first half of the year. However, the amount was just 1.7 percent higher than a year earlier, a slower pace of clip than the 2-percent expansion recorded in May, data from the Bangko Sentral ng Pilipinas (BSP) showed. READ: