balance of payments - updates

Rappler's latest stories on balance of payments

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PH peso could hit P49 vs dollar – Standard Chartered

Jan 28, 2016 - 6:55 PM

Remittances from Filipinos working abroad are expected to slow down

BSP expects healthier BOP surplus in 2016

Dec 21, 2015 - 9:07 AM

This is despite recording a deficit of 141 million P6 67 billion due primarily to debt repayments in November

ON-COURSE. Despite falling back into a deficit in November, the country is still on track to fulfill its balance of payments surplus target of $2 billion for this year. File photo by Agence France-Presse

PH foreign exchange reserves down in November

Dec 07, 2015 - 7:00 PM

Following a record high in October gross international reserves decline due to higher foreign debt payments and lower gold prices in the world market

LOWER. BSP Governor Amando Tetangco Jr. says the country’s foreign exchange reserves reached $80.57 billion in end-November or $525 million lower compared to $81.09 billion in October. File photo by Agence France-Presse

PH foreign exchange reserves rise anew in October

Nov 07, 2015 - 1:16 PM

Last month s gross international reserves record is the highest since December 2013 BSP reports

AMPLE RESERVES. The end-October GIR level remains ample as it can cover 10.4 months’ worth of imports of goods and payments of services and income, the central bank says. File photo by Agence France-Presse

PH external debt falls first half of 2015

Sep 18, 2015 - 9:00 PM

The central bank chief traces the decline to negative foreign exchange revaluation adjustments amounting to 2 6 billion as the US economy continues to gradually recover

LOWER. Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. says on Friday, September 18 that the country’s external debt reached $75 billion from January to June this year – $3.6 billion lower compared to $78.59 billion in the same period in 2014. Photo from the Bangko Sentral ng Pilipinas

PH balance of payments books biggest deficit

Sep 18, 2015 - 5:17 PM

August s balance of payments at 450 million is the biggest since January 2014 when the country books a deficit of 4 48 billion

EXTERNAL FACTORS. The country’s BOP position in August reflects the decision of the People’s Bank of China to devalue the Chinese yuan on August 11 and the blood bath in the global stock market on August 24. File photo from Agence France-Presse

PH balance of payments exceeds 2015 target

Aug 19, 2015 - 5:12 PM

BSP Deputy Governor Diwa Guinigundo says the surplus recorded in the first 7 months of 2015 already surpassed the BOP target of 2 billion

PH foreign exchange reserves slip in July

Aug 08, 2015 - 3:00 PM

The central bank expects the Philippines to end the year with about 81 6 billion in dollar reserves

INCREASE. Money pumped by foreign investors to the country reached $6.2 billion in 2014, a 65.9% increase from 2013’s $6.7 billion, the Bangko Sentral ng Pilipinas  reports Tuesday, March 10, 2015. File photo by Agence France-Presse

PH economy seen to recover in Q2 2015

Aug 01, 2015 - 9:18 AM

Government spending and ease in inflation should drive economic growth in the second quarter with consumer and infrastructure spending picking up First Metro Investment Corporation says

RECOVERED. The early second quarter signs point to a definite recovery from the measly 5.2% economic growth in the first three months of 2015, FMIC says. Shutterstock Photo

PH balance of payments reverts to surplus in June

Jul 20, 2015 - 10:27 PM

The country books 485M balance of payments in June thanks to a steady increase in overseas Filipinos remittances and strong BPO revenues

PH's balance of payments in May swings to deficit

Jun 20, 2015 - 1:08 PM

The central bank reports that BOP posted a 58 million deficit in May – a turnaround from the 373 million surplus recorded last year and the 380 million surplus seen in April

SURPLUS TURNAROUND. Despite last month's deficit, BSP Deputy Governor Diwa Guinigundo says central bank expects the biggest surplus this year since 2005. File photo by Joel Leporada/Rappler

PH external debt declines in Q1 2015

Jun 20, 2015 - 10:57 AM

External debt registered at 75 3 billion in the first quarter 3 lower from the same period last year

LOWER DEBT. Foreign currency-denominated obligations of private and public entities in the Philippines declined last quarter. File photo by Rappler

BSP revises BOP 2015 forecast to $2 billion

May 23, 2015 - 1:34 PM

After a deficit last year BSP expects a turnaround by raising its growth projection for the country s balance of payments this year

PH narrows foreign deficit in 2nd quarter

Sep 22, 2014 - 8:00 PM

The Bangko Sentral ng Pilipinas also reports that the country’s foreign debt remains manageable as of the previous quarter

BOP surplus surges to $1-B in Q2 2013

Sep 20, 2013 - 1:20 PM

The Philippines balance of payments BOP surplus surged to 1 billion in April June the central bank said

AFP Photo

BSP to local govts: Ask permission before borrowing

Sep 02, 2013 - 11:08 AM

All local loans of local government units must have prior approval of the Monetary Board before banks release them

BOP swings to surplus of $274-M in April

May 20, 2013 - 6:17 PM

This is however lower than the surplus recorded in March

AFP Photo

BOP surplus up 42.29% in January

Feb 19, 2013 - 4:38 PM

Philippines balance of payments BOP surge to 2 04 billion in January

Jan-June BOP surplus down sharply

Jul 19, 2012 - 6:57 PM

The central bank says the decline is due to the outflow of funds as investors turn risk averse due to the euro crisis

BOP swings to surplus in May

Jun 19, 2012 - 4:23 PM

The government expects the surplus to be affected by the euro zone crisis and slowing US growth

BSP lowers 2012 targets for GIR, BOP amid western woes

Jun 18, 2012 - 2:28 PM

UPDATED The BSP cut its targets for gross international reserves GIR and balance of payments BOP this 2012 amid economic uncertainties that may impact investments