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...
