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Forex reserves rose to $82.9B in July

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AFP FILE PHOTO

The country’s foreign exchange reserves inched up in July due to the aggressive buying of dollars by the central bank to control fluctuations in the peso’s value.

Posted: August 8th, 2013 in Editor's Pick,Headlines | Read More »

PH forex reserves hit new high in January

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AFP FILE PHOTO

The country’s foreign exchange reserves hit another record high, partly fueled by the Bangko Sentral ng Pilipinas’ efforts to temper the peso’s appreciation by buying dollars.

Posted: February 8th, 2013 in Editor's Pick,Featured Gallery,Headlines | Read More »

8-month BOP surplus surges to $9B

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dollars

The country’s balance of payments (BOP) posted a surplus of $2.72 billion in August, the highest in eight months, as remittances, foreign portfolio investments and other inflows of foreign currencies remained robust. A report from the Bangko Sentral ng Pilipinas showed that the latest BOP surplus was up more than 18 times from only $151 [...]

Posted: September 19th, 2011 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

BSP eyes cut in US treasury holdings

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bsp

The Bangko Sentral ng Pilipinas has found it prudent to diversify the instruments where it invests the country’s nearly $70 billion in foreign exchange reserves given the US debt problem. The bulk of the country’s gross international reserves (GIR) are invested in US treasuries. BSP Governor Amando Tetangco Jr. said the central bank was considering [...]

Posted: August 1st, 2011 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

BSP raises bank reserve requirement

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The Bangko Sentral ng Pilipinas on Thursday raised the reserve requirement for banks and quasi-banks by another percentage point, citing the need to curb inflationary pressures stemming from inflows of foreign hot money. The move brings the reserve requirement, the proportion of deposits that banks and quasi-banks must keep with the BSP as reserves, at [...]

Posted: July 29th, 2011 in Headlines | Read More »

Forex reserves hit record $68.8B in May

The country’s gross international reserves climbed further to a record $68.8 billion in May, the Bangko Sentral ng Pilipinas said Tuesday. BSP Governor Amando M. Tetangco Jr. said the figure was $300 million higher than the previous month’s $68.5 billion. Tetangco said the sustained increase in the country’s reserves was mainly due to the BSP’s [...]

Posted: June 7th, 2011 in Editor's Pick,Headlines | Read More »

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