MANILA— The Philippines’ overall balance of payments (BOP) position hit a deficit of $439 million in May, narrower than the $1.6 billion deficit a year ago, the central bank said on Monday.
Cumulative BOP level for January to May was at $2.9 billion surplus, reversing a $1.5 billion deficit in the same period last year, it added.
—Reporting by Neil Jerome Morales; Editing by Toby Chopra
