A larger balance of payments (BOP) surplus in August narrowed the country’s cumulative deficit for the first eight months of the year to its lowest level in five months, according to the Bangko Sentral ng Pilipinas (BSP). The latest data from the BSP showed that the BOP, which reflects the...
Higher gold prices globally, coupled with the central bank’s investment income, helped the Philippines’ gross international reserves (GIR)—its stock of United States (US) dollars and other foreign currencies—recover last month from its modest decline in July. Preliminary data from the...
The Philippines’ gross international reserves (GIR) or its stock of United States (US) dollars and other foreign currencies, dropped to $105.3 billion at end-July, from $106 billion in June, according to data from the Bangko Sentral ng Pilipinas (BSP). The central bank attributed the slight...
The Philippines’ gross international reserves (GIR) or United States (US) dollar stock increased to $105.3 billion as of end-June from the previous month’s $105.2 billion, according to the data from the Bangko Sentral ng Pilipinas (BSP). This level increased slightly by $100 million from...
The Philippines’ balance of payments (BOP) swung to a $298-million deficit in May, a reversal from the billion-dollar surplus a year ago, as the government drew down its dollar reserves to pay foreign debts. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s BOP, which...
The Philippines’ external financial standing strengthened in May this year, as the country 's gross international reserves (GIR) posted a notable increase, bolstering its capacity to withstand external economic pressures. The Bangko Sentral ng Pilipinas (BSP) reported that the country’s...
The Bangko Sentral ng Pilipinas (BSP) has assured congressmen that using the central bank's dividends on the proposed Maharlika Wealth Fund (MWF) would not have any adverse effects on its gross international reserves (GIR). (Giorgio Trovato/ Unsplash) BSP Deputy Governor Francisco Dakila Jr., made...
The Philippines’ gross international reserves (GIR) dropped to $106.081 billion as of end-June from the previous month’s $107.250 billion, mainly because of the decline in the prices of gold, according to the Bangko Sentral ng Pilipinas (BSP). The end-June GIR is 13.49 percent higher compared...
Philippines’ gross international reserves (GIR) reached $107.25 billion as of end-April, up by $2.77 billion from the previous GIR of $104.48 billion, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Considered as healthy liquidity reserves or buffer against external...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno expects the country’s gross international reserves (GIR) to climb to $120 billion this year which is $6 billion more than what the BSP announced last month as forecast. Diokno sees a higher GIR than its forecast of $114 billion for...
The central bank reported Friday, (April 16) that gross international reserves (GIR) is 0.32 percent lower at the end of the first quarter (end-March) to $104.820 billion from $105.161 billion in February. Compared to same period in 2020 of $88.861 billion, GIR was up 18 percent or by $15.959...
The Bangko Sentral ng Pilipinas (BSP) has updated its latest balance of payments (BOP) projection higher to a $6.2 billion surplus this year versus its previous $3.3 billion estimate announced last December. The country’s gross international reserves (GIR) is expected to climb by as much as...
