First quarter dollar gap narrows with strong March inflow, says BSP
The Philippines earned more dollars than it spent for the second consecutive month last March, which resulted in a narrower deficit of fund flows with other countries in the first…
As pandemic hits dollar inflow, BSP chief says PH can benefit from investment shifts
The country’s top monetary authority is reexamining its forecasts for the movement of foreign funds into or out of the country this year — a key determinant of the peso’s…
CEO buys ailing New Zealand media giant for one dollar
WELLINGTON — Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group’s Australian owners Nine Entertainment announced…
Filipino dollar millionaires turn to gold for pandemic security
The Philippines’ dollar millionaires are bracing for the prolonged impact of the new coronavirus disease (COVID-19) pandemic by moving their money not into stocks or bonds, but into a more…
Expat Filipinos’ dollar remittances still up ahead of COVID-19 outbreak
Dollar remittances of expatriate Filipinos continued to rise in February just as the COVID-19 pandemic was starting to spread around the world, data from the central bank showed, though it…
BSP’s March dollar reserves up, boosting peso’s strength
MANILA, Philippines — The Philippines’ dollar reserves rose for the second month in a row despite the onset of the coronavirus crisis in March, thanks to the central bank’s foreign…
PH plans to borrow $1B more through dollar bonds as COVID-19 eating up funds
The Philippines is selling at least $1 billion in 10- and 25-year US dollar-denominated global bonds to foreign investors while awarding P24 billion in treasury bills on Monday (April 27)…
PH banks now free to assume more dollar risk
The central bank has eased a rule that previously required financial institutions to hold a 100-percent buffer of assets for their foreign currency liabilities on a daily basis, saying that…
PH banks free to assume more dollar risk under new BSP rules
The central bank has eased a rule that had required financial institutions to keep a 100-percent buffer of assets for their foreign currency liabilities on a daily basis, saying that…
PH back in black in dollar inflow in February
The Philippine economy returned to black in terms of the amount of dollars it spent in the second month of 2020 outpacing the amount it earned in transactions with the…