Balance of Payment Surplus of $184-Million Recorded in April

The country recorded a balance of payment surplus of $184 million in  April, 51.6 percent lower than the $380 million surplus registered in the same month last year. For the first four months, the country recorded a deficit of $90 million, down from a $1.26 billion surplus in the same period last year. The government forecasts a surplus of $2.2 billion or 0.7 percent of GDP this year. Remittances, business process outsourcing (BPOs), and…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.