Philippines Balance of Payments at $429 Million Deficit in February 2018

Manila | 19th March 2018

The country’s overall balance of payments (BOP) position in February 2018 posted a deficit of US$429 million, albeit slightly lower than the US$436 million deficit recorded in the same month last year.


Outflows in February 2018 stemmed mainly from foreign exchange operations of the BSP and payments made by the National Government (NG) for its maturing foreign exchange obligations. These were partially offset, however, by net foreign currency deposits of the NG and income from the BSP’s investments abroad during the month..

Source: Bangko Sentral ng Pilipinas

Join the Rise of Asia.  Share a Story, Article or Photo here.  For Press Release, visit here.

About The Wealth Times

The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people.

Where should you invest your capital for the next decade?  Which are the fastest growing companies in Asia?  Which is the most exciting sector to be in?  Which are the top cities to be in?  Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?