Philippine foreign reserves posted a slight increase in October, as the national government boosted its net foreign currency deposits with the Bangko Sentral ng Pilipinas (BSP).
Data released by the central bank showed that gross international reserves — a measure of the country’s ability to settle import payments and service foreign debt — stood at $94.074 billion as of end-October.
The end-October level is higher than the $93.000 billion as of end-September but lower than the $107.888 billion in the same month in 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DA: Paeng damage to Philippine agriculture hits P3.16 billionDamage to the country’s agriculture due to Severe Tropical Storm Paeng reached P3.16 billion, the Department of Agriculture (DA) said on Saturday.
Read more »
Philippine government to spend P206.5 billion for ayuda in 2023 as inflation soarsThe government is set to spend some P206.5 billion for subsidies and cash support or ayuda in the coming year given the continued uptick in inflation, Malacañang said over the weekend.
Read more »
Coronavirus pandemic gives Philippine ukay-ukay fresh appeal - BusinessWorld OnlineANINA A. MIGUEL, 23, spends her weekends scouring secondhand clothing stores — “ukay-ukay” in the Filipino vernacular — for unique pieces you won’t find in your everyday retail stores. READ
Read more »
Philippine Women’s National Football Team embarks in another grueling training campCEBU CITY, Philippines—The Philippine Women&039;s National Football Team (PWNFT) Filipinas will embark in another grueling training camp that will be topped with back-to-back friendlies with
Read more »
PNR announces special trips for Nov. 5The Philippine National Railways (PNR) on Saturday announced special trips in several areas.
Read more »
PH Coast Guard wraps up defense training with Japan, USJapan and US coast guards have teamed up to train their Philippine counterparts to strengthen Manila’s capabilities to defend and patrol the country’s vast waters, including the West Philippine Sea.
Read more »