The country’s overall balance of payments (BOP) deficit was at its widest in the past three months, according to data released by the Bangko Sentral ng Pilipinas (BSP). Know more:
THE country’s overall balance of payments deficit was at its widest in the past three months, according to data released by the Bangko Sentral ng Pilipinas .
Despite the deficit in May 2023, the country’s overall BOP position in the past five months remained in surplus at $2.866 billion in 2023. Given the latest data, the country’s gross international reserves level decreased to $100.6 billion as of end-May 2023 from $101.8 billion as of end-April 2023. Moreover, data showed this is about 5.8 times the country’s short-term external debt based on original maturity and 4.1 times based on residual maturity.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
End-March external debt up 6.8% to $119B | Cai U. OrdinarioTHE national government’s borrowings to augment its financing requirements for pandemic response and infrastructure programs, among others, increased the country’s external debt as of March 2023, according to the Bangko Sentral ng Pilipinas (BSP). In a statement, the BSP said the country’s external debt increased to $118.8 billion as of…
Baca lebih lajut »
Easing in PHL monetary policy seen in Q1 2024 | Cai U. OrdinarioTHE recent decision of the United States Federal Reserve to maintain its interest rates is not enough assurance that rate cuts are coming, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Felipe M. Medalla said that while yield curves are showing signs that the US Fed will cut…
Baca lebih lajut »
BSP, BAP near accord on lower costs of e-payments | Cai U. OrdinarioTHE Bangko Sentral ng Pilipinas (BSP) and local banks are close to reaching an agreement on bringing down the transaction costs for electronic payments. The BSP had initially said banks would be amenable to reducing transaction fees in exchange for a cut in the reserve requirement ratio (RRR). (https://businessmirror.com.ph/2023/02/28/bap-open-to-scuttling-costs-for-small-transactions/) The…
Baca lebih lajut »
Trade in your coins! BSP pleads anew | Cai U. OrdinarioTHE rollout of coin deposit machines (CoDMs) in various parts of Metro will help alleviate the coin shortage in the country and cut the government’s losses in minting coins, according to the Bangko Sentral ng Pilipinas (BSP). In the launch of the CoDMs on Tuesday, BSP Governor Felipe M. Medalla…
Baca lebih lajut »
Balance of payments deficit narrowed in May to $439MThe inflow of remittances, investments as well as borrowings significantly narrowed the country’s balance of payments deficit to $439 million in May, from $1.6 billion in the same month last year, according to the Bangko Sentral ng Pilipinas.
Baca lebih lajut »
Blinken to wrap up rare visit to China, may meet Xi JinpingAll eyes will be on whether US Secretary of State Antony Blinken will also meet with Chinese President Xi Jinping later in the day, an engagement sources say is expected but yet to be confirmed by the State Department.
Baca lebih lajut »