Sunday, 29 June 2025
24 Mar 2025
10:46PM
BSP sees slower growth in BPO sector as AI talent shortage emerges
In its latest balance of payments outlook, the central bank projects that business process outsourcing export revenues will grow at a reduced pace of 5 percent annually in 2025 and 2026, down from 6 percent in 2024 and 7.7 percent in 2023.
20 Feb 2025
3:08PM
QUICK LOOK: PH economy starts 2025 with $4-B outflow as gov’t pays foreign debt
According to the BSP, the large deficit in January was driven by its net foreign exchange operations and the national government’s foreign currency drawdowns for debt servicing.
21 Jan 2025
9:13AM
PH dollar flow surplus shrank in 2024 as economy spent more, earned less
The Philippines posted a balance of payments surplus of $609 million in 2024, significantly lower than the $3.7 billion recorded in the previous year, according to data from the Bangko Sentral ng Pilipinas.
6 Jan 2025
3:41PM
Emergency funds available (if needed): PH, Japan renew $12-B bilateral swap deal
The agreement, signed by the Bank of Japan – acting as an agent for Japan’s Minister of Finance – and the Bangko Sentral ng Pilipinas, allows both nations to exchange local currencies for US dollars.
3 Jan 2025
3:03PM
Growing AI adoption to impact revenues of Philippine BPO industry — BSP report
The BPO sector, a cornerstone of the Philippines’ export revenue, is expected to grow at a slower rate in 2024 and 2025 “consistent with latest trend driven in part by domestic constraints in AI adoption.”
14 Dec 2024
3:58PM
QUICK LOOK: Philippine Q3 dollar flows returned to surplus as investments rose
The Philippines recorded a $3.7 billion BOP surplus in the third quarter 2024, reversing the $524 million deficit during the same period last year. This was driven by net inflows from foreign funds buying local equities and debt, despite a wider trade deficit.
20 Nov 2024
7:40AM
More dollars flowed out of PH in Oct, gov’t debt repayments trimmed reserves
Dollars flowing out of the Philippine economy in October exceeded inflows during the same period resulting in a $724-million deficit in the country’s balance of payments tally, the central bank said.
20 Sep 2024
10:09AM
BSP income from foreign investments drives Aug dollar flow surplus, boosting PH reserves
The Philippines economy experienced a surplus of dollar flows in August, thanks to income from the central bank’s investments overseas, thus boosting the country’s hard currency reserves further, the Bangko Sentral ng Pilipinas said.
19 Aug 2024
3:38PM
PH dollar flows return to meager surplus in July, but year-to-date tally still lags last year’s level
The Philippines posted a modest balance of payments surplus of $62 million in July 2024, marking a turnaround from the $53 million deficit recorded in the same month last year, the central bank said on Monday.
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