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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.....»»
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.....»»
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.....»»
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.....»»
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.....»»
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.....»»
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.....»»
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......»»
Government posts P88 billion surplus
The Marcos administration snapped eight consecutive months of budget deficit after it recorded a surplus of P88 billion in January as revenue collections outpaced spending......»»
Budget surplus unlikely to last – Recto
The record budget surplus in January is unlikely to be sustained over the coming months, more so for the rest of the year, but the government is not worried so long as revenue targets are achieved, according to Finance Secretary Ralph Recto......»»
Cebuana s R& B bop makes waves
Cebuana s R& B bop makes waves.....»»
Government urged to keep spending, avoid high surplus
The government should not keep a high surplus and instead continue to ramp up spending in order to meet the growing needs of the economy, an economist said......»»
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......»»
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......»»
FACT CHECK: Socmed accounts wrongly posts photo and news on Balikatan
Two social media posts during the past week announced the arrival of 17,500 American troops along with armaments last week........»»
FACT CHECK: Socmed accounts wrongly posts photo and news on Balikatan
Two social media posts during the past week announced the arrival of 17,500 American troops along with armaments last week........»»
Inflation ticks up to 3.8% in April - The Manila Times
MANILA, Philippines: Inflation slightly accelerated last month due to increases in key food items, the Philippine Statistics Authority reported on Tuesday. For three consecutive months, inflation picked up 3.8 percent in April from March's 3.7 percent but was lower than the 6.6 percent recorded in the same month last year. It is well within the estimate of the Bangko Sentral ng Pilipinas (BSP) for the month at 3.5- to.....»»
Power rates down by P0.37/kWh for Feb-Mar billing
High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»
DepEd cautions public vs fake posts on cash aid
The Department of Education (DepEd) has warned the public against fake posts claiming that the agency gives out cash assistance to all graduating students......»»
EastWest Bank posts P6.1 billion in net income in 2023
EastWest Bank posts P6.1 billion in net income in 2023.....»»