The Central Bank of the Philippines reported that cash remittances rose year on year in May 2026, reflecting sustained inflows from overseas Filipinos. Seasonally adjusted personal remittances also increased slightly in May, and both cash and personal remittances posted growth over January to May 2026. By reported transaction origin, the United States remained the largest source of remittances, followed by Singapore and Saudi Arabia. The central bank noted, however, that origin data has limitations because remitting or correspondent banks are mostly located in the United States, so the figures do not mean the funds were generated there. It said the continued growth in remittances supports household income, spending and domestic demand.
Central Bank of the Philippines2026-07-15
Central Bank of the Philippines reports higher May 2026 cash remittances, United States remains top reported source
The Central Bank of the Philippines said cash remittances increased year on year in May 2026, while seasonally adjusted personal remittances also edged up. Both measures grew over January to May 2026. The United States was the top reported source of inflows, although the central bank noted limitations in origin data.