KOMPAS.com- Remittance or remittances from Filipino workers abroad rose 5.3 percent in the first half of 2012 becomes 11.3 billion US dollars. The Central Bank of the Philippines said it was on Wednesday (15/8/2012).
The Philippines has been helped by remittance. In this period, an additional remittance of foreign exchange could boost the Philippines to 79 billion US dollar position.
According to Barclays Bank analisai, if the consistency of remittance stay awake, at the end of 2012, the Philippines will record the total remittance in US dollars 21.5 billion position. By the end of 2011, the total remittance reaches 20.1 billion US dollars, as Xinhua News.
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