MANILA -- Filipinos working overseas sent more money home last year than ever before, but the growth in remittances slowed for a second straight year amid trade tensions and sluggish global growth.
The amount of cash sent back to the Philippines rose 3.1% to $28.9 billion, the Bangko Sentral ng Pilipinas said on Feb. 15. The pace of growth hit the central bank's revised target but was less than its original goal of 4%.
