THE country’s balance of payments (BOP) position posted its largest deficit in nearly a year, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP). The data showed the BOP deficit reached $740 million in January 2024. This is the largest decline since the $895-million deficit in…
THE Philippines trimmed its balance of payments (BOP) deficit in November by over 70 percent year-on-year to $216 million, but it remained the widest in two months, according to the Bangko Sentral ng Pilipinas (BSP). BSP said the country’s overall BOP position remained in a deficit in November at $216…
THE Philippines’s total external debt as of end-September rose by 10 percent year-on-year to over $118 billion as the state borrowed more abroad to augment its financing requirements domestically, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said the country’s total external debt (EDT) stood at $118.8 billion at…
THE Bangko Sentral ng Pilipinas (BSP) does not consider the recent slowdown in inflation as well as the expected continuation of the downtrend in December as enough reason to ease monetary policy. Inflation slowed to 4.1 percent in November while BSP Governor Eli M. Remolona Jr. expects inflation to settle…
FOREIGN portfolio investments, also known as hot money transactions, recorded net inflows of $962 million in June 2023, according to data released by the Bangko Sentral ng Pilipinas (BSP). Transactions on foreign investments registered with the BSP through authorized agent banks (AABs) recorded $1.6-billion gross inflows and the gross outflows…