Philippine Cash Remittances Up 2% in May

2026-07-15 04:15 By Kyrie Dichosa 1 min. read

Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.71 billion in May 2026 from USD 2.66 billion in the same month last year.

Both land-based and sea-based workers recorded higher remittance inflows, increasing by 2.1% and 1.7% year-on-year, respectively.

By origin, the US remained the largest source of remittances, accounting for 39.4% of total inflows, followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.1%), and the UK (4.6%).

In the first five months of the year, cash remittances increased by 2.5% to USD 14.11 billion from USD 13.77 billion in the corresponding period a year earlier.

Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, rose by 2.1% to USD 3.03 billion in May and increased by 2.6% to USD 15.43 billion on a year-to-date basis.



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Philippine Cash Remittances Up 2% in May
Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.71 billion in May 2026 from USD 2.66 billion in the same month last year. Both land-based and sea-based workers recorded higher remittance inflows, increasing by 2.1% and 1.7% year-on-year, respectively. By origin, the US remained the largest source of remittances, accounting for 39.4% of total inflows, followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.1%), and the UK (4.6%). In the first five months of the year, cash remittances increased by 2.5% to USD 14.11 billion from USD 13.77 billion in the corresponding period a year earlier. Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, rose by 2.1% to USD 3.03 billion in May and increased by 2.6% to USD 15.43 billion on a year-to-date basis.
2026-07-15
Philippine Remittances Rise 2% in April
Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.72 billion in April 2026 from USD 2.66 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 2.12% and 0.59% from a year earlier, respectively. By country of origin, the US remained the top source, accounting for 39.7% of total remittances, followed by Singapore (7.3%), Saudi Arabia (6.4%), Japan (5.1%), and United Arab Emirates (4.6%). Considering the first four months of the year, cash remittances grew by 2.6% to USD 11.4 billion compared to the same period a year earlier. Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, went up by 2.1% to USD 3.04 billion from USD 2.97 billion a year ago.
2026-06-16
Philippine Remittances Up 2.6% in February
Cash remittances coursed through banks in the Philippines grew by 2.6% year-on-year to USD 2.8 billion in February 2026 from USD 2.7 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 2.7% and 2% from a year earlier, respectively. By country of origin, the US remained the top source, accounting for 40% of total remittances, followed by Singapore (7.7%), Saudi Arabia (5.5%), the United Kingdom (4.8%), and Japan (4.6%). Considering the first two months of the year, cash remittances rose by 3.1% to USD 5.81 billion compared to the same period last year. Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 2.6% to USD 2.79 billion from USD 2.72 billion a year ago.
2026-04-15