Philippines 2009 Overseas Remittances Hit $17.3 Billion

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So does this mean there was no global financial crisis or does it mean that there are more Filipino works abroad now.?(RTTNews) - Remittances sent to the Philippines reached $17.3 billion in 2009, up 5.6% from 2008, the Bangko Sentral ng Pilipinas said on Monday. This exceeded the central bank's forecast of $17.1 billion remittance flows or 4% growth. Remittances from sea-based and land-based workers rose 12.1% and 4.2%, respectively. For the month of December alone, remittances grew 11.4% to hit $1.6 billion, the bank said

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