Bombo Radyo

PH gross international reserves at all-time high of US$90.9-B – BSP

Published

4 years ago

June 12, 2020

Bombo Ponciano \’John\’ Melo Jr -June 11, 2020 | 6:18 PM

https://www.bomboradyo.com/ph-gross-international-reserves-at-all-time-high-of-us90-9-b-bsp/

The country’s overall balance of payments (BOP) position posted a surplus of US$1.67 billion in April 2020, higher than the US$467 million BOP surplus recorded in the same month last year.

The BOP surplus in April 2020 reflected mainly the inflows arising from the National Government’s deposit with the BSP of its foreign loan proceeds as well as the BSP’s foreign exchange operations and income from its investments abroad.

These inflows were partially offset, however, by the foreign currency withdrawals made by the National Government to pay its foreign currency debt obligations during the month in review.

The surplus in April 2020 brought the cumulative BOP position to a surplus of US$1.6 billion in the first four months of the year from a deficit of US$68 million in January-March.

However, this level was lower than the US$4.27 billion surplus recorded a year ago.

This development may be attributed partly to the reversal of foreign portfolio investments to net outflows in January-April from net inflows and lower net inflows of foreign direct investments in January-February compared to the previous year’s level.

The foreign portfolio investment outflows and lower foreign direct investments inflows were mitigated by the lower merchandise trade deficit and higher remittances from overseas Filipinos in January-March.

The BOP position reflects an all-time high final gross international reserves (GIR) level of US$90.94 billion as of end-April 2020. At this level, the GIR represents an ample external liquidity buffer, which is equivalent to 8 months’ worth of imports of goods and services and payments of primary income. Moreover, it is also about 5.5 times the country’s short-term external debt based on original maturity and 4 times based on residual maturity. (BSP)

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Bombo Radyo

Undisputed heavyweight champ Usyk gets detained

Published

2 months ago

September 28, 2024

PONCIANO

Undisputed heavyweight champ Usyk gets detained

Polish airport police arrested and detained Ukrainian undisputed heavyweight champ Oleksandr Usyk in Krakow after he insisted on a Ryanair flight last September 18, 2024.

It happened when the Usyk team was denied boarding in the Polish airport. They are heading to London to watch Anthony Joshua vs. Daniel Dubois on September 21 (UK time).

Usyk’s promoter, Alex Krassyuk confirmed the incident. “While waiting for boarding, Oleksandr’s friend fell asleep on the seats in the waiting area,” Usyk promoter revealed.

The video clips went viral in social media as the 37 year old and undefeated Usyk (22 – 0) is being led away with his hands cuffed behind his back.

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Bombo Radyo

Warriors picks 7-footer Quinten Post

Published

2 months ago

September 28, 2024

PONCIANO

The Dutch rookie 7-footer power forward and center Quinten Post officially signed with the Golden State Warriors (GSW) last September 25, 2024 with two-way contract.

Along with fellow 7-footer NBA players Boban Marjanović of the Houston Rockets, Victor Wembanyama of the San Antonio Spurs, Zach Edey of the Memphis Grizzlies, and Bol Bol of the Phoenix Suns, the 24-year old Post will soon clash with the tallest players in the NBA.

Post is a 2024 NBA draft and 52nd pick, however Warriors get him ahead of training camp.

He came from the Mississippi State Bulldogs and the Boston College Eagle during his college years.

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He is averaging 15.1 points in 2022-2023 and 17.0 points in 2023-2024.

He will wear number 21 but as of this writing it’s uncertain when he will show off with Stephen Curry and other Warriors superstars. But Post is officially a Warriors.

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Bombo Radyo

Crawford to retire soon – Eddie Hearns

Published

3 months ago

August 30, 2024

PONCIANO

Canelo Alvarez ex-promoter Eddie Hearns predicts that Terrence Crawford will retire after his victory vs Israil Madrimov last August 3, 2024 in Los Angeles.

Crawford is now the 4-division champ after winning by unanimous decision.

However, Hearns said that three fighters are a must fight against Crawford before hanging his gloves – Vergil Ortiz, Jaron Ennis, and Canelo.

“I don’t think Crawford wants a Boots fight. I don’t think Crawford will fight again unless he fights Canelo Alvarez because he’s got money, he’s getting on [in age],” Hearns revealed.

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He added that Crawford ducks Ortiz. He also mocked him for getting lucky with the scoring for his fight against Madrimov.

Hearns underscored that 36 year old Crawford is craving for mega-money, mega-fights, and real legacy fights that is why he does not like to fight the undefeated Ennis. He furthered that 27 year old Ennis is like the young Crawford version that is why he is skipping him.

Meanwhile, Crawford still hates Ennis because he is overrated.

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