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

Francis Ngannou cries ‘deception’ vs Anthony Joshua camp

Published

2 weeks ago

April 3, 2024

PONCIANO

Francis Ngannou cries ‘deception’ vs Anthony Joshua camp

Former UFC fighter Francis Ngannou accused AJ camp of ‘trickery’ when he suffered devastating knockdowns in the first and second round last March 8, 2024 in Riyadh, Saudi Arabia.

The MMA fighter and former UFC heavyweight champion said that AJ camp sabotaged him by letting him go early in the arena.

“We both fought at 3am. What I think, something that’s happened is that they get me to the arena very early. Like my pickup time was 10.30pm to go to the arena. And then when we get to the arena, they tell us that we are scheduled around 1.45am. right?” Ngannou blurted.

He believed that he came exhausted, which resulted in his humiliating defeat.

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Bombo Radyo

Texas Department urges Mike Tyson to pass EEG, EKG tests

Published

2 weeks ago

April 3, 2024

PONCIANO

Texas Department urges Mike Tyson to pass EEG, EKG tests

The 57-year old legend Mike Tyson (50 wins – 6 loss) vs 27-year old YouTuber Jake Paul (9 wins – 1 loss) must undergo major tests before the fight to materialize at AT&T Stadium in Texas Arlington on July 20, 2024.

The Texas Department of Licensing and Regulations (TDLR) urged Tyson to undergo or pass a brain test Electroencephalography (EEG) and Electrocardiogram (EKG) for the heart.

“A person aged 36 or older applying for a contestant’s license must submit a report of favourable physical testing conducted within the previous 12 months, including but not limited to an EEG and an EKG.” TDLR elaborated.

Meanwhile, the American youtuber explained that he picked Tyson because he wants to change the history of boxing. He already fought Floyd Mayweather Jr but he lost.

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Bombo Radyo

Victor Wembanyama hits Tim Duncan, O’ Neal records

Published

4 weeks ago

March 21, 2024

PONCIANO

Victor Wembanyama hits Tim Duncan, O’ Neal records

Victor Wembanyama broke a record of 100 blocks as a rookie last January 8, 2024 in Rocket Mortgage FieldHouse, Cleveland, Ohio vs Cavaliers.

Spurs center and power forward Wemby has played 31 games so far and his 4th block on the said game made him the 6th player in NBA history to reach that mark in their first 35 games.

The NBA records show that Wemby (2023-24) hit Tim Duncan at the 6th place as a rookie with the most games played. Shaq had 28 and Alonzo Mourning 18 in 1992-93.

The other NBA players who also reached that 100 blocks record as rookie are Shawn Bradley (1993-94), Alonzo Mourning (1992-93), Shaquille O’Neal (1992-93) Manute Bol (1985-86), Terry Tyler (1978-79).

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