While there may be a chance that this might retain and have an effect on OFW remittances this 12 months, the more than 18 percent increase in BPO [business process outsourcing] sales for the primary six months of 2016 should, one way or the other, cushion the gentle remittances flows,” Guinigundo said.
Domestic politics
Asked if political uncertainties within the country can also be the purpose for the decline in remittances, Guinigundo stated “it may have a few remote effect on investment and output in the end, however I don’t suppose that is the cause for the decline inside the July remittances.”
Biswas shares the same view, noting the ultra-modern monetary information does not show any signal that political uncertainty in the Philippines is having an impact on remittances or economic activity to this point.
Finance land blog 