Philippine cash remittances up 3.7% to $2.99b in June

The US remained the top source of remittance to the Philippines.

Cash remittances in the Philippines grew faster in June 2025 as remittances from land-based overseas Filipinos (OFs) rose faster than their sea-based peers.

Remittances rose to $2.99b in June 2025, 3.7% higher than the $2.88b in June 2024, according to data from the Bangko Sentral ng Pilipinas (BSP).

Land-based OFs accounted for $2.43b of the remittances, up 3.7% compared to the same period a year earlier.

Sea-based OFs accounted for $555m, which is 3.5% higher compared to sea-based remittances recorded in June 2024.

From January-June 2025, cash remittances rose by 3.1% to $16.75b, compared to the corresponding period a year earlier.

The United States of America remained the top source of remittances to the Philippines during this period. This was followed by Singapore and Saudi Arabia.