BusinessWorld E-paper
June 22, 2022
THE PHILIPPINES posted its largest monthly balance of payments (BoP) deficit in 15 months in May, mainly due to the National Government’s foreign debt payments, the central bank said on Tuesday.
Data from the Bangko Sentral ng Pilipinas (BSP) showed May’s BoP deficit stood at $1.61 billion, widening from the $1.4-billion gap a year ago and the $415-million gap in April.
