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PH forex reserves drop as dollar strengthens

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The Philippines’ foreign exchange reserves slipped in September as the dollar strengthened, bringing down the value of foreign currency-denominated assets, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Posted: October 8th, 2014 in Headlines | Read More »

Forex reserves recover in February

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AFP FILE PHOTO

The country’s foreign exchange reserves recovered in February as foreign investors poured money back into the Philippines, relieving pressure for monetary officials to defend the peso from volatility.

Posted: March 7th, 2014 in Latest Business Stories | Read More »

PH seen weathering turmoil

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The Philippines is expected to withstand the ill effects of the latest volatility in financial markets and remains poised to meet, if not surpass, its economic growth target for this year.

Posted: August 27th, 2013 in Headlines | Read More »

Dollar reserves seen to rise in July

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Financial markets proved as fickle as ever as short-term investments fled the country in September, not because of a decline in investors’ confidence in the economy, but due to profit-taking by fund managers. AFP FILE PHOTO

The country’s foreign exchange reserves are expected to rise in July with the central bank buying dollars from the open market to keep the peso from appreciating too sharply.

Posted: July 25th, 2013 in Latest Business Stories | Read More »

Boost from BSP purchases to stem peso climb

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AFP FILE PHOTO

The country’s foreign exchange reserves grew to $84.1 billion in March, driven partly by the central bank’s dollar purchases intended to help curb the peso’s appreciation.

Posted: April 5th, 2013 in Editor's Pick,Headlines | Read More »

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