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Foreign borrowings nearly halved in Q1

The public sector’s foreign borrowings approved by the Bangko Sentral ng Pilipinas went down by 48 percent to $2.87 billion in the first quarter from $5.56 billion recorded a year ago......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2024

Further improvement in Philippines external position seen

The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

Philippines posts 740 mln USD deficit in January

MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2024

Philippines posts 740 mln USD deficit in January

MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»

Category: sportsSource:  abscbnRelated NewsFeb 21st, 2024

Hindi tita, ate lang : Leren Bautista, Ricci Rivero dismiss age gap criticisms

Beauty queen-politician Leren Bautista and basketball player Ricci Rivero just laughed at comments about the age gap in their relationship......»»

Category: entertainmentSource:  philstarRelated NewsFeb 17th, 2024

Philippines posts 196 mln USD deficit in February

MANILA, March 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 196-million-U.S. dollar deficit in February, significantly lower from the 895-million-dollar BOP deficit recorded a year ago, the country's central bank said on Tuesday. The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in February reflected outflows arising mainly from the national government's foreign currency deb.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

Balance of power in PBA?

The balance of power in the PBA has tilted – at least for now......»»

Category: sportsSource:  philstarRelated NewsApr 8th, 2024

5 Practical Steps to Balance Money for a Well-Rounded Life

Trying to save money is good for you financially but sometimes we can be overly frugal, and it can be bad for you too. Saving is not just about pinching pennies — it’s about finding the right balance that lets you enjoy your life without hurting your saving habits. Giving yourself a break from time […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 27th, 2024

Philippines posts 1.2 bln USD surplus in March

MANILA, April 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 1.2 billion U.S. dollars in March 2024, slightly lower than the 1.3-billion-dollar BOP surplus recorded a year ago, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in March reflected inflows arising mainly from the national government's net foreign currency deposi.....»»

Category: newsSource:  manilanewsRelated NewsApr 19th, 2024

BOP shortfall narrows to $196 million in February

The Philippines registered a balance of payments shortfall of $196 million in February, its second straight month of deficit, as the government settled more foreign debt obligations last month, the Bangko Sentral ng Pilipinas said......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

BOP swings to deficit in January

The country’s balance of payments swung to a deficit of $740 million in January, the highest in almost a year, as the government paid its foreign currency debt obligations......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

Maya is '1 Digital Bank in PH

Maya now stands as the #1 Digital Bank in the Philippines, revolutionizing the industry with its unified payments and banking services on one digital platform. In 2023, Maya saw a remarkable increase in users, with 3 million depositors, more than double the previous year, and a deposit balance reaching PHP25 billion, a 69% increase from […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 10th, 2024

Philippines posts 642 mln USD surplus in December

MANILA, Jan. 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency dep.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

Xinhua world economic news summary at 0900 GMT, Jan. 19

MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

BoP reverts to surplus, reaches $3.7 billion last year

The country’s balance of payments position reverted to a surplus, hitting $3.67 billion last year and reversing the $7.26 billion deficit recorded in 2022, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 19th, 2024

Philippines posts 642 mln USD surplus in December

MANILA, Jan. 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency dep.....»»

Category: newsSource:  manilanewsRelated NewsJan 19th, 2024

Xinhua world economic news summary at 0900 GMT, Jan. 19

MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»

Category: newsSource:  manilanewsRelated NewsJan 19th, 2024

The Importance of Still Keeping Loose Change

In the Philippines, the convenience of digital payments is quickly becoming the norm. There are now fewer lines to the ATMs every payday, people are now using their phones more for payments, and digital banks are becoming more prevalent. Amidst the digital transformation the country is undergoing, we often hear “I don’t have cash” from […].....»»

Category: newsSource:  metrocebuRelated NewsMar 20th, 2024

SSS releases P257 billion in benefit payments

State-run pension fund Social Security System released P257.4 billion in benefit payments to 4.7 million members last year......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

BSP hits 50 percent target in digitized payments

The Bangko Sentral ng Pilipinas managed to hit its goal of shifting half of total retail payments to digital channels in 2023, with more small businesses likely to onboard moving forward......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024