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Forex reserves hit record high $87.9 billion
By Lawrence Agcaoili | January 8, 2020 - 12:00am
The country’s foreign exchange buffer reached a record high $87.86 billion in 2019, 10.9 percent higher than the $79.19 billion recorded in 2018 due to strong foreign exchange inflow, according to the Bangko...
Business
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BSP profit down 14.5% in 9 months
BSP profit down 14.5% in 9 months
By Lawrence Agcaoili | Over a year ago
The net income of the Bangko Sentral ng Pilipinas declined by 14.5 percent to P38.65 billion in the first nine months from...
Business
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Government debt down to P7.869 trillion as of end-June
Government debt down to P7.869 trillion as of end-June
By Mary Grace Padin | Over a year ago
The national government’s total debt stock declined to P7.869 trillion as of end-June due to the repayment of matured...
Business
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Forex reserves steady at $85.4 B
Forex reserves steady at $85.4 B
By Lawrence Agcaoili | Over a year ago
The country continued to build up its foreign exchange buffer with the sustained strengthening of the peso against the dollar,...
Business
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BSP raises GIR target to $83 B this year
By Lawrence Agcaoili | June 17, 2019 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) raised the projected foreign exchange buffer to $83 billion instead of $77 billion this year as it expects strong inflows of foreign portfolio investments as well as foreign...
Business
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BSP Q1 profit jumps 34% to P13.1 billion
By Lawrence Agcaoili | June 17, 2019 - 12:00am
Earnings of the Bangko Sentral ng Pilipinas (BSP) jumped 34 percent to P13.13 billion in the first quarter of the year from P9.81 billion in the same quarter last year amid higher revenues.
Business
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BOP posts surplus for 6th straight month in April
BOP posts surplus for 6th straight month in April
By Lawrence Agcaoili | Over a year ago
Strong foreign exchange inflows continued to strengthen the country’s balance of payments (BOP) position, recording...
Business
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Diokno not worried about CA deficit
Diokno not worried about CA deficit
By Lawrence Agcaoili | Over a year ago
The Bangko Sentral ng Pilipinas is not worried about the widening current account (CA) shortfall as the country has enough...
Business
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URC earnings drop 15% to P9.5 billion in 2018
By Iris Gonzales | April 16, 2019 - 12:00am
Universal Robina Corp., the Gokongwei-led snack foods giant, reported a 15 percent decline in net income last year to P9.5 billion, weighed down by lower operating income as a result of foreign exchange loss due...
Business
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Southeast Asia central banks push local currency settlement for trades
Southeast Asia central banks push local currency settlement for trades
By Lawrence Agcaoili | Over a year ago
Central banks in the Philippines, Indonesia, Malaysia and Thailand are pushing for the greater use of local currencies in...
Business
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