MANILA - The Bangko Sentral ng Pilipinas said on July 15 that cash remittances from overseas Filipinos reached US$2.713 billion in May.
The May total increased 2% from US$2.658 billion in May 2025 but slipped 0.2% from US$2.718 billion in April. Land-based workers sent US$2.168 billion through the banking system during May, and sea-based workers sent US$544.6 million.
Cash remittances reached US$14.110 billion from January to May, rising 2.5% from US$13.766 billion in the same period of 2025. Land-based workers accounted for US$11.221 billion of the five-month total. Remittances from sea-based workers reached US$2.889 billion.
The BSP said the increase reflected “sustained inflows from overseas Filipinos.” The central bank separately recorded US$3.033 billion in personal remittances during May, up 2.1% year on year, bringing the January–May total to US$15.735 billion.
The United States was the largest recorded source of cash remittances from January to May at US$5.564 billion, or about 39.4% of the total. Singapore followed with US$1.044 billion, ahead of Saudi Arabia at US$907.9 million, Japan at US$719.1 million and the United Kingdom at US$642.3 million.
Asia accounted for US$5.821 billion of the five-month total, including US$1.390 billion attributed to Association of Southeast Asian Nations countries. Singapore supplied most of the ASEAN amount, followed by Malaysia at US$279.8 million. Singapore alone accounted for about three-quarters of the recorded ASEAN total.
Cash remittances reached US$35.634 billion in 2025, up 3.3% from US$34.493 billion in 2024. May 2026 produced the smallest monthly inflow since May 2025, although the amount remained higher year on year.
