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16.03.202603:34:31UTC+00Philippine Remittances Rise 3.5% YoY in January

Cash remittances coursed through banks in the Philippines rose by 3.5% year-on-year in January 2026, reaching USD 3.02 billion from USD 2.92 billion in the same month a year earlier. Remittances from both land-based and sea-based workers increased by 3.5% compared with the previous year.

By country of origin, the United States remained the largest source of remittance inflows, accounting for 40.2% of the total. It was followed by Singapore (7.6%), Saudi Arabia (6.7%), Japan (5.8%), and the United Kingdom (4.6%).

Meanwhile, personal remittances—which cover bank transfers, informal channels, and in-kind transfers—also grew by 3.5%, rising to USD 3.36 billion from USD 3.24 billion in the same period last year.

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