MANILA — Cash remittances from overseas Filipinos workers climbed 3.5 percent to $3.02 billion in January 2026, up from $2.92 billion in the same month a year earlier, the Bangko Sentral ng Pilipinas reported.
The United States remained the top source of remittances to the Philippines last month, followed by Singapore and Saudi Arabia.
Personal remittances — which cover cash coursed through banks and informal channels as well as remittances in kind — likewise grew 3.5 percent, rising from $3.24 billion in January 2025 to $3.36 billion in January 2026.
The figures underscore the continued resilience of remittance flows, which serve as a critical pillar of the Philippine economy, helping to sustain household consumption and shore up the country’s foreign exchange reserves.
The Philippines consistently ranks among the world’s top remittance-receiving nations. The central bank tracks both cash remittances, which are coursed exclusively through banks, and the broader personal remittances category, which captures a wider range of money transfers including those through non-bank channels and goods sent home by workers abroad.
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