PH remittance growth fell to a near 4-yr low in April

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MANILA, Philippines – Overseas remittances from Filipinos grew at their weakest pace in nearly four years in April, as households became more cautious amid the economic fallout from the war in the Middle East.

Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that cash remittances rose by just 2 percent year-on-year to $2.7 billion in April. While still higher than a year ago, the growth rate was the weakest since May 2022, when remittances grew by 1.8 percent.

READ: PH remittance growth slows to near 3-yr low

The amount of cash remittances received in April was also the lowest since May 2025’s $2.66 billion.