Filipino remittances from Kuwait soar

Remittances by Filipino workers in Kuwait back to the Philippines has soared by nearly 17 percent in the first nine months of the year to reach a total of US$562 million, from the $482.5 million during the same period last year.

Meanwhile, remittances from Filipinos from other Gulf Cooperation Council (GCC) states declined by 7.5 percent in the first nine months of the year. A total of $4.34 billion was repatriated to the Philippines from other GCC states during this period compared to $4.69 billion during the first nine months of 2018.