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US crackdown won't dent PH remittances
October 4, 2025
|Manila Bulletin
While the Philippine economy has the highest exposure to United States (US) remittances relative to its Asian peers, inflows from overseas Filipinos (OFs) would emerge relatively unscathed from US President Donald Trump's immigration crackdown, Japanese financial giant MUFG Bank Ltd. said.
This is because the Philippines has a small share of illegal migrants and diversified remittance sources, MUFG Global Markets Research said in its Asia foreign exchange (forex) outlook for the fourth quarter of 2025, published on Oct. 2.
The Philippines, alongside Vietnam and India, has the "highest leverage to remittances in the US" as a share of its gross domestic product (GDP), MUFG noted.
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