BoP surplus hits 6-year high in Janhome/Business/Top Business/BoP surplus hits 6-year high in JanThe country’s balance of payments (BoP) surplus hit a six-year high in January, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. January’s $2.70-billion result was higher than the $2.44-billion surplus a month earlier and a reversal from the $531-million deficit posted a year ago. It was also the largest since July 2012 when the payments position stood at a surplus of $3.182 billion. The Bangko Sentral also said that net inflows in foreign portfolio investments contributed partly to the January BoP surplus. Last year, the BoP ended at a deficit of $2.306 billion, wider than the $863 million recorded in 2017 but lower than Bangko Sentral’s $5.5-billion deficit forecast.

Source: Manila Times February 19, 2019 16:52 UTC