BOP Posts Deficit in March

The country’s balance of payments position swung to a deficit in March after three consecutive months of being in surplus, the Bangko Sentral ng Pilipinas (BSP) said.

The BOP deficit amounted to $244 million in March, narrower than the $340-million deficit in the same month last year. However, the latest figure is a reversal of the $985-million surplus in February.

Read More

Source: The Philippine Star

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.