BusinessWorld E-paper
October 20, 2023
THE PHILIPPINES’ overall balance of payments (BoP) position narrowed significantly to $414 million in September from the $2.34-billion gap in the same month a year ago, the central bank said.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursdav showed the country’s BoP position remained in deficit for a sixth straight month in Septem-ber. It was also the widest deficit since the $606-billion gap in June. Month on month, the BoP deficit widened from the $57-million deficit in August.
