BusinessWorld E-paper
February 21, 2023
THE PHILIPPINES’ balance of payments (BoP) position swung to a surplus in January from a deficit a year ago, reflecting the proceeds of the government’s global bond issuance, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Data released by the BSP showed a BoP surplus of $3.08 billion in January, a reversal of the $102-million deficit in January 2022.
The January figure was also significantly higher than the $612-million surplus in December 2022.
