MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects the country’s external payments position to remain healthy amid the sustained inflows. BSP Deputy Governor Diwa Guinigundo said the country continues to experience robust foreign direct investment as well as foreign portfolio investment inflows. The country has booked surpluses for the past five straight months after recording a BOP deficit of $458 million in October last year. The BOP is the difference in total values between payments into and out of the country over a period. For the first quarter, the BOP surplus reached $3.8 billion and reversed the $1.23 billion deficit recorded in the same quarter last year.

Source: Philippine Star April 23, 2019 16:00 UTC