THE Philippines’ international investment position (IIP) showed a net liability of $48.2 billion in the second quarter of the year, up 8.31 percent from the previous quarter, preliminary data from the central bank showed on Wednesday.
In a statement, the Bangko Sentral ng Pilipinas (BSP) said the net liability rose by $3.8 billion from the first-quarter level of $44.5 billion.
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