For the first time in seven months, the Philippines rebuilt its foreign exchange reserves back to the crucial $100-billion level at end-January, as the Bangko Sentral ng Pilipinas (BSP) replenished the ammunition earlier deployed to curb local currency volatility. The country’s balance of payments (BOP) posted a surplus of $3.1 billion in the first month … Continue reading Philippines’ dollar reserves back to $100-B mark