The Philippines’ gross international reserves (GIR) declined to its lowest level in 16 months in May, data from the Bangko Sentral ng Pilipinas (BSP) showed Saturday.

The Philippines’ gross international reserves (GIR) declined to its lowest level in 16 months in May, data from the Bangko Sentral ng Pilipinas (BSP) showed Saturday.

Gross international reserve continued it decline in May. MANILA, Philippines – The Philippines’ foreign reserves fell further in May due to foreign debt payments, weaker gold…