Philippines’ balance of payments (BOP) surplus in February recovered from a slowdown in January, hitting its highest level in nearly two years.
The BOP in February registered a $985 million surplus, up by more than $800 million from the $136 million BOP surplus in January, data released by the Bangko Sentral ng Pilipinas (BSP) late Thursday showed.
The February surplus was the highest recorded since the $1.099 billion in July 2013.
It was also significantly higher than the $345 million surplus recorded a year earlier.
In the first two months of 2015, the payments balance surplus reached $1.121 billion, slightly higher than the $1.084 billion surplus in the same period a year earlier.