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NEWS UPDATES Asean Affairs   February 8, 2018  










PHL foreign reserves fell to $81.2B in January

The Philippine gross international reserves (GIR) noted a drop in January due to outflows arising from central bank’s foreign exchange operations, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday.

Data released by the central bank showed the GIR fell to $81.205 billion in January, from $81.569 billion in December 2017 and $81.376 billion in January 2017.

“The month-on-month marginal decline in the GIR level was due mainly to outflows arising from the foreign exchange operations of the BSP and payments made by the national government for its maturing foreign exchange obligations,” the BSP said in an emailed statement.

The GIR is a measure of a country’s ability to settle import payments and service foreign debt.

At current levels, the BSP said the GIR could sustain 8.2 months’ worth of imports of goods and payments of services and primary income.

Net international reserves—the difference between the GIR and total short-term liabilities—also decreased to $81.2 billion in January 2018 from $81.6 billion in December 2017.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   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

 


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