Strong Current Account Continues to Support BOP Surplus in 2013
Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—The country’s balance of payments position yielded a surplus of $1.3 billion in Q4 2013 as
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Bangko Sentral ng Pilipinas
Outstanding External Debt Drops Further in Q4 2013
Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said the country’s outstanding external debt approved/registered by the BSP
Read MoreHawkish BSP Hints at Rate Hike
The central bank has hinted at a hike in benchmark interest rates following the US Federal Reserve’s decision to further
Read MoreRemittances Up 6.8% in January 2014
Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Personal remittances from overseas Filipinos (OFs) rose by 6.8 percent year-on-year in January 2014 to reach
Read MoreBSP: Islamic Finance May Be Key to Mindanao Development
Islamic finance may prove to be a boon for the Philippine economy, particularly in Mindanao—a geographically significant part of the
Read MoreMB Sets Expectations from External Audit
Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—The Monetary Board (MB), in its meeting held on 27 February 2014 approved the guiding principles
Read MoreForeign Portfolio Flows Improve in February
Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Registered investments for February 2014 reached $1.5 billion, reflecting a 16.7 percent growth from the $1.3
Read MoreFDI Up 20% to $3.9B in 2013
Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Net foreign direct investment (FDI) inflows in 2013 rose to $3.9 billion from $3.2 billion in
Read MoreFebruary Inflation Slightly Lower at 4.1%
Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Headline inflation eased slightly to 4.1% year-on-year in February from 4.2% in January, and was within
Read MoreEnd-February 2014 GIR Increases to $80.3B
Manila—(PHStocks)—Preliminary data showed that the country’s gross international reserves (GIR) rose to $80.3 billion as of end-February 2014, Bangko Sentral
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