The Philippines’ balance of payments (BOP) position posted a deficit of $724 million in October 2024, a reversal from the $1.5-billion surplus recorded in October 2023, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
“The BOP deficit in October 2024 reflected the national government’s net foreign currency withdrawals from its deposits with the BSP to settle its foreign currency debt obligations and pay for its various expenditures,” the BSP said.
Despite...
The Philippines’ balance of payments (BOP) position posted a deficit of $724 million in October 2024, a reversal from the $1.5-billion surplus recorded in October 2023, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
“The BOP deficit in October 2024 reflected the national government’s net foreign currency withdrawals from its deposits with the BSP to settle its foreign currency debt obligations and pay for its various expenditures,” the BSP said.
Despite...
Department of Finance (DOF) Secretary Ralph Recto said the government will launch the innovative GBonds with GCash in December 2024 to make investing easier...
Protecta Pilipinas urged fintech companies to strengthen cybersecurity to safeguard consumers and businesses from increasing financial scams.
“We advocate for the prioritization of robust security...
The Bangko Sentral ng Pilipinas (BSP) ordered G-Xchange, Inc. (GXI), the operator of GCash e-wallet, to immediately resolve the reported unauthorized deductions on account...
