BusinessWorld E-paper
September 20, 2022
THE PHILIPPINES’ balance of payments (BoP) position remained in a deficit for a fifth straight month in August, mainly due to the National Government’s foreign debt payments, the central bank said on Monday.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed the country’s BoP deficit stood at $572 million in August, a turnaround from the $1-billion surplus recorded in the same month last year.
