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BOP swings to deficit of $4.47B in Q1

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Photo by INQUIRER.net

The outflow of foreign currencies surpassed the inflow in the first quarter as portfolio investors dumped peso-denominated assets, along with other emerging-market assets, on reports that the US Federal Reserve would further taper its stimulus program.

Posted: April 22nd, 2014 in Editor's Pick,Headlines | Read More »

PH ends 2013 with $5.08-B BOP surplus

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AFP FILE PHOTO

The country posted a surplus in its foreign income position for the ninth consecutive year in 2013 amid the continued growth of remittances from migrant workers and increased revenue from tourism and the business process outsourcing (BPO) sector.

Posted: January 20th, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

BSP scales down BOP surplus forecast

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BSP Governor Amando M. Tetangco Jr.: Room to keep rates low is ‘narrower’. INQUIRER FILE PHOTO

The country’s imports are expected to grow at a slightly faster rate next year to support demand for construction materials that would go to rehabilitation efforts in communities destroyed by Supertyphoon “Yolanda.”

Posted: December 20th, 2013 in Editor's Pick,Headlines | Read More »

Balance of payments swung to deficit in Aug

The country’s dollar income swung to a deficit in August amid jitters over the timing of the US Federal Reserve’s plan to reduce its monthly asset purchases.

Posted: September 19th, 2013 in Headlines | Read More »

PH registered BOP surplus of $274M in April

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The country’s balance of payments (BOP) reversed to a surplus in April as robust dollar inflows, mainly remittances and foreign investments, exceeded outflows.

Posted: May 20th, 2013 in Headlines | Read More »

Jan-March BOP registers surplus of $1.54B

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Net inflow of dollars into the country grew in the first quarter as remittances remained strong and more foreign portfolio funds came in due to the favorable sentiment on the economy.

Posted: April 20th, 2013 in Headlines | Read More »

PH posted higher BOP surplus in January

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The country registered a higher surplus in its balance of payments (BOP) in January due to rising foreign portfolio inflows and income generated by the central bank from its securities investments.

Posted: February 19th, 2013 in Headlines | Read More »

BOP surplus hits $9.24B in end-2012

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The country’s external liquidity remained solid in 2012, with the balance of payments registering another surplus and the foreign-exchange reserves hitting an all-time high, the Bangko Sentral ng Pilipinas has reported.

Posted: January 21st, 2013 in Headlines | Read More »

BOP surplus surged in November

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The surplus in the country’s balance of payments surged by nearly five times in November from a year ago, as optimism on the economy drove up investment inflows. AP FILE PHOTO

The surplus in the country’s balance of payments (BOP) surged by nearly five times in November from a year ago, as optimism on the economy drove up investment inflows.

Posted: December 20th, 2012 in Editor's Pick,Headlines | Read More »

BSP jacks up ’12 BOP surplus forecast to $6.8B

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The Bangko Sentral ng Pilipinas said Wednesday that the country’s balance of payments (BOP) was expected to post a surplus of $6.8 billion this year, higher than the earlier projection of $2.7 billion.

Posted: November 29th, 2012 in Headlines | Read More »

PH registers $600M surplus in balance of payments

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The country registered a surplus of over $600 million in its balance of payments in October, driven partly by dollar inflows in the form of remittances, as well as investments in the business process outsourcing sector.

Posted: November 19th, 2012 in Editor's Pick,Headlines | Read More »

Current account stood at a surplus of $3.7B in H1

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The country enjoyed a higher surplus in its current account in the first half due to a recovery in export earnings and sustained rise in remittances.

Posted: September 22nd, 2012 in Headlines | Read More »

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