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A key leg of growth for Philippines — overseas Filipino worker remittances — in cash and in kind, grew 7% in April 2013 to $2 billion from $1.9 billion a year ago, the Bangko Sentral ng Pilipinas reported. The growth was faster than March’s 3.7% increase, BSP data showed. The April figure brought total remittances in the first 4 months of 2013 to $7.7 billion, up 6.4% from $7.2 billion the previous year. Cash remittances, or those coursed through banks, rose 5.7% to $6.9 billion in January to April from $6.5 billion in the same months of 2012.
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