Philippines posts $1.2 billion balance of payment surplus in March

The Philippines’ foreign exchange buffers slipped by 0.8% to $99.8 billion as of end-June, from $100.6 billion as of end-May, central bank data showed. — REUTERS

Manila – The Philippines’ overall balance of payments (BOP) position was a surplus of $1.2 billion in March, compared with a surplus of $1.3 billion in the same month last year, the central bank said on Friday.

The cumulative BOP level for the first quarter was a $238 million surplus.

The Philippine central bank has forecast a $700 million BOP surplus for 2024. — Reuters