Xinhua world news summary at 1530 GMT, Jan. 5
MANILA -- The Philippines' gross international reserves (GIR) settled at 102.5 billion U.S. dollars at the end of December from 102.7 billion dollars at the end of November, the Philippine central bank said on Friday.
The Bangko Sentral ng Pilipinas said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments of services and