The Philippines posted a balance of payments surplus of $5.016 billion in the first six months of the year, highlighting the growing external strength of the country that helped it earn credit rating upgrade this year.
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BoP surplus reaches $5b
October 20, 2011
PIDS urges regulatory reforms to increase trade in services
September 23, 2011
MANILA, Philippines – A government think tank has urged the Aquino administration to pursue regulatory reforms that can increase trade in services such as the removal of infrastructure bottlenecks in transportation, communications, energy, water and other services. Read the rest of this entry »
Phl trade remains dynamic under WTO
September 1, 2011
MANILA, Philippines – The Philippine membership to the World Trade Organization (WTO) has helped the country’s trade expand in the global market, the Department of Trade and Industry (DTI) said yesterday. Read the rest of this entry »
BOP surplus surges 53% to $5 B in H1
July 20, 2011
MANILA, Philippines – The country’s balance of payments (BOP) surplus jumped 53 percent in the first half of the year on the back of the central bank’s robust earnings from its investments abroad and foreign exchange operations as well as higher foreign borrowings by the government, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Read the rest of this entry »
GIR jumps 42% to record $69 B in H1
July 8, 2011
Manila, Philippines – The Bangko Sentral ng Pilipinas (BSP) reported yesterday that the country’s foreign exchange reserves surged 41.7 percent as of end-June due to the central bank’s strong earnings from its investments abroad as well as the revaluation gains of its gold holdings amid surging gold prices in the world market. Read the rest of this entry »
Foreign debts under Noy rockets to $61B
July 1, 2011
Amid the failure of revenue collection agencies to improve their tax take and the record budget deficit the past two years, the country’s outstanding external debt soared to $60.9 billion as of March, up by $900 million from end-December 2010’s $60 billion and by $4 billion year-on-year. Read the rest of this entry »
The Philippine economy, 1998 to 2010: (Part III) Foreign trade in the economy
June 8, 2011
The Philippine economy operates in the wide world of international trade in goods and in the movement of economic resources. The extent of this role in trade has risen and provides a promising future. This much can be discerned from the recently rebased national income series based the constant prices of 2000. Read the rest of this entry »
Foreign debt rises 9.5% to $60.1 B
April 1, 2011
MANILA, Philippines – The country’s foreign debt rose by 9.5 percent to $60.1 billion in 2010 on the back of higher government and private sector borrowings as well as upward foreign exchange revaluation, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Read the rest of this entry »
Manila suffers forex net outflows
March 19, 2011
THE Philippines suffered net outflows of foreign exchange in February, as it registered a balance of payments (BOP) deficit during the period. Read the rest of this entry »
Trade deficit narrows in 2010
February 27, 2011
MANILA, Philippines – The country’s trade deficit narrowed last year as exports rose faster than imports, the National Statistics Office reported on Friday. Read the rest of this entry »
