Sunday, May 3, 2026
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Tag: foreign currency

Customs agents intercept undeclared yen

The Bureau of Customs (BOC) intercepted undeclared foreign currency carried by an arriving passenger at NAIA Terminal 1 worth nearly P4 million. District Collector Yasmin...

MWSS approves higher fourth-quarter rates for Maynilad, lower costs for Manila Water

State-run Metropolitan Waterworks and Sewerage System (MWSS) said Friday it approved water rate adjustments for the fourth quarter of 2025, with Maynilad customers facing...

Philippine foreign currency deposits hit record $58.6 billion in March 2024

Foreign currency deposits held by banks in the Philippines reached an all-time high of $58.6 billion as of end-March 2024, according to the Bangko...

Balance of payments incurred $5.5-b deficit in 8 months; GIR fell to $97.4b

The country’s balance of payments position yielded a deficit of $572 million in August, a reversal of the $1-billion surplus registered a year ago...

GSIS reported 5.2% rise in investments to P846.4 billion in 2021

State-run Government Service Insurance System said Friday its investment portfolio expanded by 5.2 percent in 2021 to P890.59 billion from P846.4 billion in 2020. “The...

Foreign reserves bounced back to $106.55b in July

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More dollars in packs seized at warehouse

Government agents have seized more packages from the United States containing foreign currency equivalent to P1.8 million at a Customs bonded warehouse near the...

Iranians fearful as virus infections rise anew

While many residents in Iran's capital are taking advantage of loosened COVID-19 controls, some worry about a new spike in infections in what remains...

BSP eases rules on asset cover of banks’ FCDUs

The Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, eased the asset cover requirement on banks with expanded/foreign currency deposit units to...

DOF probing arrival of huge sums of foreign money into PH

Finance Secretary Carlos Dominguez III has ordered the Bureau of Customs to work closely with the Anti-Money Laundering Council in investigating attempts by suspected...

BPI obtains investment grade rating from Moody’s

Global debt watcher Moody’s Investors Service has assigned an investment grade of “Baa2” long-term foreign currency senior unsecured rating to the Bank of the...

Govt debt up 1.1%to P6.7t in January

THE government’s outstanding debt as of end-January 2018 increased 1.1 percent to P6.726 trillion, or P73.66 billion from the end-December 2017 level of P6.652...

Banks holding $39.1b worth of foreign currencies

Foreign currency-denominated deposits held by Philippine banks rose 11.9 percent to $39.05 billion in the third quarter of 2017 from $34.9 billion a year...
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