Sign up | Log in



Home  >>   Daily News  >>   Philippines  News  >>   Investment  >>   Philippines suffers February net outflows
NEWS UPDATES Asean Affairs        19  March 2011

Philippines suffers February net outflows

Related Stories

March  11, 2011
Philippines expects Middle Eastern investments

March  2, 2011
Philippines Pangilinan claims control of MRT 3

February 18, 2011
January Philippine hot money inflows ease

The Philippines suffered net outflows of foreign exchange in February, as it registered a balance of payments (BOP) deficit during the period.

Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the country registered a $ 133 million deficit in its BOP last month.

"The February deficit of $133 million was due largely to payments of maturing foreign exchange obligations by the national government," BSP Governor Amando Tentangco Jr. said.

"These weren't, however, enough to reverse the trend, as the cumulative position for the first two months of 2011 was still a surplus at $1.47 billion," he said.

The end-February BOP surplus was higher than last year's $ 1.11 billion. The large BOP surplus last January was primarily on account of the national government's global peso bond sale worth $ 1.25 billion.

"We continue to expect to register a full-year BOP surplus for 2011. We still see foreign exchange inflows into emerging market economies, given our growth prospects," Tetangco said. The governor said that remittances are also expected to be resilient.

"These should provide fundamental support to the peso. Our regular review of BOP projections will be done in April," he said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    19  March 2011 Subsribe Now !
 • Cambodian exports blossom
Subcribe: Asean Affairs Global Magazine
• New Indo Nickel Smelter and Power Plant Asean Affairs Premium
• Philippines suffers February net outflows

• Japanese Tragedy Unlikely To Derail Global Economic Recovery 

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• China cluster model pushed in Thailand

• Thai prime minister passed no-confidence vote

• Japan tsunami to hit Vietnam's tourism

• Vietnamese rice export price falls
Asean Analysis    18   March 2011 Advertise Your Brand
• Cambodia on a learning curve Sponsor Our Events
Asean Stock Watch    18  March 2011
• ASEAN Markets to Rally‏
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand