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Economy

Remittances from overseas Filipinos reach another record high

Duterte responds to deaths in Kuwait with ban on more workers heading there

Filipino workers who were repatriated from Kuwait take part in a dialogue with a Department of Labor official at Ninoy Aquino International Airport in the Philippines on February 12, 2018.   © Reuters

MANILA Remittances from Filipinos working abroad set another record in 2017, but a recent labor policy could partially hold back the rising tide, at least temporarily.

Total cash remittances sent home by overseas Filipino workers rose 4.3% to a record $28.1 billion last year, according to data that Bangko Sentral ng Pilipinas released on Thursday.

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