Philippines posts $88 mln balance of payment surplus in August

MANILA – The Philippines’ overall balance of payments (BOP) position was a surplus of $88 million in August, increasing from a surplus of $62 million in July, the central bank said on Thursday.

The cumulative BOP level as at end-August was a $1.6 billion surplus. The Philippine central bank has forecast a $1.6 billion BOP surplus for 2024. – Reuters