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Philippines posts $724 million balance of payment deficit in October

MANILA — The Philippines’ overall balance of payments (BOP) position hit a deficit of $724 million in October, the central bank said on Tuesday, a reversal of the $3.526 billion surplus in the previous month. The cumulative BOP level for January to October was a $4.4 billion surplus, up from the $3.2 billion surplus recorded in the same period last [...]The post Philippines posts $724 million balance of payment deficit in October appeared first on Interaksyon.

MANILA — The Philippines’ overall balance of payments (BOP) position hit a deficit of $724 million in October , the central bank said on Tuesday, a reversal of the $3.526 billion surplus in the previous month. The cumulative BOP level for January to October was a $4.

4 billion surplus, up from the $3.2 billion surplus recorded in the same period last year. — Reporting by Neil Jerome Morales; Editing by Andrew Heavens.