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Originally published by Capital Business
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business
December 15, 2025
7h ago

Philippine remittances slightly grow in October

Philippine remittances slightly grow in October

MANILA, Dec. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.52 billion U.S. dollars in October 2025 from 3.46 billion dollars in Kenya breaking news | Kenya news today |..

✨ Key Highlights

Personal remittances from overseas Filipinos saw a modest increase in October 2025, reaching $3.52 billion, according to the Bangko Sentral ng Pilipinas (BSP). This vital inflow continues to be a significant pillar of the Philippine economy.

  • Cumulative personal remittances from January to October 2025 amounted to $32.49 billion.
  • The United States remained the top source of remittances, followed by Singapore and Saudi Arabia.
  • Remittances account for roughly 9 percent of the Philippines' GDP, benefiting nearly 30 percent of households.

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