PH net external liability increases

The Philippines’ international investment position (IIP) as of end-September worsened, in relative terms, given the country’s higher net external liability, the Bangko Sentral reported last week.

The IIP is used as an accompanying framework for the country’s balance of payments (BOP) statistics. At $166.6 billion, the country’s external financial assets remained below the $201.8 billion in external liabilities.