PHL dollar reserves hit $99.72 billion in January

Business Mirror LogoBusiness Mirror1 mo ago

PHL dollar reserves hit $99.72 billion in January - Business Mirror

Quick Summary:

The country’s international reserves contracted 7.4 percent year-on-year in January, according to data from the Bangko Sentral ng Pilipinas (BSP).

In the coming months, Ricafort said the GIR could be driven by Overseas Filipino worker (OFW) remittances, revenues from the business process outsourcing (BPO) sector, higher exports, and foreign tourism revenues.

The Bangko Sentral ng Pilipinas (BSP) believes inflation may have already peaked in January 2023.President Ferdinand R.Marcos Jr.said he will forge more partnerships with other Asian nations to boost the Philippines’s international competitiveness.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-08 @ 16:38:28 (1 months ago)

News Timezone: GMT +8:00

News Source URL:

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 5325987

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Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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Publisher ID: #37

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