00:00The Central Bank of the Philippines recorded a record high of personal remittances from OFWs in December 2024 that amounted to US$3.73 billion.
00:12Based on the data released by BSP, personal remittances from OFWs in 2024 amounted to US$38.34 billion, which is 3% higher than US$37.21 billion in 2023.
00:31The remittances were sent through bank and informal channels.