The Philippines’ balance of payments (BOP) recovered after months of deficit as it posted a $373 million surplus in May, trimming the payments balance deficit for the first five months of the year.

Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed that the May BOP position was a reversal of the $19 million deficit in April.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details