Foreign portfolio investment transactions yield net outflows In November
December 19, 2019
Transactions on BSP-registered foreign portfolio investments for November yielded net outflows of $345 million as a result of the $1.5 billion outflows and $1.2 billion inflows for the month. This is in contrast from the net inflows noted in October
DOF, World Bank sign $400m loan agreement to improve competitiveness, disaster resilience
December 19, 2019
The Philippines has sealed a $400-million loan accord with the World Bank representing the first tranche of a three-part financing package that aims to boost the country’s competitiveness and fiscal sustainability while enhancing its resilience to natural disasters and the
Overall BOP posts $541 million surplus in November
December 19, 2019
The overall balance of payments (BOP) position posted a surplus of $541 million in November, lower than the $847 million BOP surplus recorded in the same month last year, the Bangko Sentral ng Pilipinas said Thursday. Inflows in November reflected
PSE index ends flat, peso at P50.631 vs US dollar
December 18, 2019
The Philippines main share index closed flat on Wednesday. The peso ended at P 50.631 against the US dollar from P50.58. Volume at the foreign exchange portal at the Bankers Association of the Philippines ( BAP) reached $762.1 million from
Gov’t keeps inflation target at 3% + 1% point for 2020 – 2022
December 18, 2019
The Development Budget Coordination Committee (DBCC), during its meeting on December 11, decided to keep the current inflation target at 3.0 percent ± 1.0 percentage point for 2020 – 2022, a statement said Tuesday. The inflation target is defined in
Central bank releases new 20-piso, enhanced 5-piso coins
December 17, 2019
The Bangko Sentral ng Pilipinas (BSP) released Tuesday the new 20-Piso and the enhanced 5-Piso coins which are the latest to be circulated under the BSP’s New Generation Currency (NGC) Coin Series. The use of the 20-Piso coin—which is now
Personal remittances hit $3 billion in October, reach $27.6 billion for 10-month period
December 16, 2019
Personal remittances of Overseas Filipinos reached $3 billion in October, a 7.7 percent increase from $2.8 billion during the same period last year, the Bangko Sentral ng Pilipinas said Monday. On a year-to-date basis (January-October), remittances grew by 4.3 percent
PSE index ends lower
December 16, 2019
The main Philippine share index closed lower on Monday. The peso finished at P50.635 against the US dollar from P50.64 on Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $502 million from $1.327
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