• The Philippines’ overseas cash remittances rose less than economists expected in January.
• Overseas cash remittances rose 3.5% y/y (estimate +5.3%) in January versus +5.8% in December, according to the Bangko Sentral ng Pilipinas
  ** Estimates range +3.6% to +12.8%, 7 economists
• Overseas cash remittances fell to $2.762b from $3.159b in December