Friday, 15 June 2007

Philippine Remittances Increase at the Fastest Pace in 4 Months in March

(Bloomberg) -- Remittances from Filipinos working
abroad rose in April at the fastest pace in four months as more
people found jobs overseas.

Money sent back to the Philippines rose 32.6 percent from a
year earlier to $1.2 billion, the central bank said in a
statement in Manila today. That's the fastest pace since
December and follows a 26.4 percent gain in March.


Read more at Bloomberg Emerging Markets News

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