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Philippine remittances grow by 2.8 pct in August

MANILA, Oct. 16 (Xinhua) — Personal remittances from overseas Filipinos reached 3.10 billion U.S. dollars in August, 2.8 percent higher than the 3.02 billion dollars recorded in August last year, the Philippine central bank said on Monday.

The Bangko Sentral ng Pilipinas (BSP) said the remittances from January to August grew by 2.9 percent to 24.01 billion dollars from 23.34 billion dollars recorded during the