The Philippines’ balance of payments (BOP) position ended in negative territory for full-year 2014 with a $2.88 billion deficit, reversing the 2013 surplus of $5.09 billion, central bank data shows.
The 2014 BOP position is the biggest deficit since it dipped to a $509 million shortfall in 2000, according to the Bangko Sentral ng Pilipinas (BSP) data.
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