October remittance growth slowest in five months

<p>By <strong><span data-olk-copy-source="MessageBody">Katherine K. C

han</span></strong>, <em>reporter</em></p> <p

>Money sent home by Filipinos abroad grew by 3% year on year in October, the slowest pace in five months, the Bangko Sentral ng Pilipinas (BSP) said on Monday.</p> <p

>Cash remittances coursed through banks climbed by 3% to $3.171 billion in October from $3.009 billion in the same month last year, data from the central bank showed.</p> <p

>This was the slowest growth posted since May when remittances rose by 2.9%.</p> <p

>However, October still marked the highest monthly remittance level in three months or since the $3.179 billion posted in July.</p> <p

>“Cash remittances from overseas Filipinos (OF) totaled $3.17 billion in October 2025 and $29.20 billion in January-October 2025,” the central bank said in a statement.</p> <p>The

United States remained the top source of remittances to the Philippines in the January October period, followed by Singapore and Saudi Arabia.</p> <p>Mon

th on month, remittances grew by 1.6% from $3.121 billion previously.</p> <p>In

the ten-month period, cash remittances reached $29.202 billion, up 3.2% from $28.304 billion seen a year ago.</p> <p>Mea