Dollars flood into PH economy on gov’t’s foreign loans, drop in import spending

Daxim L. Lucas - Reporter / @daxinq 10/27/2020

MANILA – Philippines – The dollar flow surplus of the Philippine economy — which has been building up every month since the start of the pandemic — surged significantly in September, as the inflow of foreign exchange…

PH economy spent more dollars than it earned in 6 months

Inquirer.net 09/14/2018

The Philippine economy spent substantially more than what it earned through foreign trade in the first half of 2018, with the resulting currency outflows further depressing the value of the peso against the US dollar. In a…

OFWs’ dollars to PH up in May

Inquirer.net 07/16/2018

DOLLARS sent home by Filipinos abroad continued to rise in May thanks mainly to those with long-term contracts as land-based workers and seafarers, the Bangko Sentral ng Pilipinas said on Monday. In a press statement, the central…

More skilled workers needed for BPOs to move to next level

Victor Anthony V. Silva 12/06/2016

The local business process outsourcing sector (BPO) is encouraged to develop more skilled workers and “move up in the value chain.” Jose Mari Yu, Cebu City’s investment czar, said the BPO sector lacked skilled workers in the…

The depreciation of the peso and impact on the economy

Fernando Fajardo 10/06/2016

The peso exchange rate is determined by the supply of and demand for dollars in peso terms or the supply of and demand for pesos in dollars terms in the foreign exchange market. The peso gets weaker…

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