Philippines' gross foreign reserves decrease to US$101.51bil at end-April

MANILA, May 5 (Reuters): The Philippines' gross international reserves fell slightly to US$101.51 billion at the end of April, from US$101.55 billion a month earlier, the central bank has announced citing preliminary data.

The latest forex reserves represent a more than adequate external liquidity buffer equivalent to 7.6 months of imports of goods and payments of services and primary income, the central bank said in a statement.