Remittance inflows seen to remain robust

Neither lower global oil prices nor the geopolitical tensions in the Middle East could possibly dampen the robust and resilient inflows of cash sent home by Filipinos overseas through banks, Washington-based Institute of International Finance said.

In a June 30 research note titled “Philippines Remittances Resistant to Oil Slump,” a copy of which was provided to the Inquirer, economist Kevin Sanker said “recent data suggests receipts have been resilient,” such that the IIF expected “continued moderate expansion” in remittances.

“The recent decline in oil prices (down 16 percent year-to-date) has caused some concerns that production cutbacks in the Middle East, along with geopolitic…

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