THE Philippine peso is likely to strengthen as a result of the projected increase in structural inflows, according to the Bangko Sentral ng Pilipinas (BSP).
"In the coming months, the peso is expected to strengthen with the help of the resurgence of structural inflows or the Philippines' permanent sources of [United States] dollar such as overseas Filipino remittances, business process outsourcing revenue and also the inflow of foreign direct investments (FDIs)," BSP Governor Benjamin Diokno said in a briefing on Friday.
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