• The Philippines’ overseas cash remittances rose more than economists expected in February.
• Overseas cash remittances rose 3.0% y/y (estimate +2.4%) in February versus +2.7% in January, according to the Bangko Sentral ng Pilipinas
  ** Estimates range +1.6% to +3.9%, 5 economists
• Overseas cash remittances fell to $2.646b from $2.836b in January
• Overseas cash remittances rose 2.8% y/y in January to February
• Overseas cash remittances were $5.481b in January to February