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

Crawford to retire soon – Eddie Hearns

Published

3 weeks 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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Bombo Radyo

Jaron “Boots” Ennis the future of boxing

Published

3 weeks ago

August 30, 2024

PONCIANO

Jaron “Boots” Ennis the future of boxing

Three welterweight champs are on queue against IBF belt holder Jaron “Boots” Ennis (32 – 0) : Brian Norman Jr WBO; Mario Barrios WBC; and Eimantas Stanionis WBA for his undisputed title dream,

Ennis’ promoter Eddie Hearns said that 27-year old Ennis is the future of boxing as he beats everyone. He added that Boots is a special fighter that needs to be tested against the best in the world.

However, boxing experts suggested Ennis to move up to 154 and target Terence Crawford, Sebastian Fundora, Errol Spence, Tim Tszyu, Vergil Ortiz Jr, Israil Madrimov, Serhii Bohachuk, and Erickson Lubin.

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Bombo Radyo

Lebron ridicules Wembanyama Olympics debut

Published

1 month ago

August 9, 2024

PONCIANO

Lebron ridicules Wembanyama Olympics debut

NBA legend Lebron James mocked team Victor Wembanyama’s team France when they lost to Germany 85 – 71 last August 2, 2024 in Paris, France.

“I wasn’t very impressed with their last game. I didn’t think they were ready for the physicality of Germany. Other than that, they were playing some good ball.” Lebron added that France is not ready for Germany’s physicality.

However team France made a comeback win against Germany last August 8, 2024 with 73 – 69 that stunned the team USA.. It can be recalled that France went 2-1 in Group B last August 2 against Germany.

Wembanyama added 12 rebounds in that game, but not enough to win. This is his first time in
Olympics 2024 yet as of this writing Wemby is getting controversial.

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