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PH forex reserves slightly dipped in ’13

The country’s foreign exchange reserves slightly dipped in 2013, weighed down by the steep drop in the price of gold in the world market and efforts to temper the peso’s depreciation.

Posted: January 8th, 2014 in Editor's Pick,Headlines | Read More »

GIR to reach record high in 2014

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The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The country’s dollar reserves are expected to hit a fresh record high next year despite the expectation of the flight of foreign capital from emerging markets like the Philippines, the Bangko Sentral ng Pilipinas (BSP) said.

Posted: December 24th, 2013 in Editor's Pick,Headlines | Read More »

Forex reserves up to $83.03B

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The country’s foreign currency reserves inched up in September due to deposits by the government and dollar-buying by the central bank to control the peso’s movements, data released on Monday showed.

Posted: October 7th, 2013 in Headlines | Read More »

Forex reserves dip to $82.9B in March

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FILE PHOTO

The country’s foreign exchange reserves dipped for the second month in a row last May, but remained more than enough to cushion the impact of external shocks, documents from the central bank showed.   The Bangko Sentral ng Pilipinas (BSP) on Friday said its gross international reserves (GIR) settled at $82.9 billion at the end [...]

Posted: June 7th, 2013 in Editor's Pick,Headlines | Read More »

PH forex reserves fell in April on soft gold prices

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The country’s foreign exchange reserves fell slightly in April from the previous month due to declining prices of gold in the world market.

Posted: May 7th, 2013 in Headlines | 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 »

BSP: Forex reserves slightly lower in Feb.

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AFP PHOTO

The country’s foreign exchange reserves reached $83.82 billion by the end of February, lower than the previous month’s level but still considered to be comfortable, the Bangko Sentral ng Pilipinas (BSP) said Thursday.

Posted: March 7th, 2013 in Editor's Pick,Headlines | Read More »

$86B in forex reserves seen excessive, costly, beyond optimal

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The country’s nearly $86-billion foreign exchange reserves, which are projected to rise further due to robust inflow of remittances and portfolio investments, were deemed excessive, costly and beyond optimal.

Posted: March 7th, 2013 in Headlines | Read More »

Forex reserves end 2012 at all-time high of $84.25B

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AFP FILE PHOTO

The country’s foreign exchange reserves hit an all-time high of $84.25 billion at the close of 2012, buoyed by the central bank’s dollar purchases that were meant to temper what could have been a sharp appreciation of the peso.

Posted: January 7th, 2013 in Editor's Pick,Headlines,Photos & Videos | Read More »

Forex reserves climb to $82.09B

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AFP FILE PHOTO

The country’s foreign exchange reserves hit a new record high in October, fueled largely by the central bank’s dollar purchases to help temper the appreciation of the peso.

Posted: November 8th, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Forex reserves rise to $81.88B

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bsp-logonew

The country’s foreign exchange reserves increased further to a new all-time high of $81.88 billion at the end of September as the central bank kept buying additional dollars from the market to prevent what could have been a sharper rise of the peso.

Posted: October 5th, 2012 in Editor's Pick,Headlines | Read More »

BSP expected to raise forex reserve forecast

The Bangko Sentral ng Pilipinas is set to raise its forecast on the country’s foreign exchange reserves, after the figure exceeded the $80-billion mark in August.

Posted: September 17th, 2012 in Headlines | Read More »

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