Philippines posts $155 million balance of payment deficit in June

July 19, 2024 - 12:22 PM
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1000 cash
This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

 The Philippines‘ overall balance of payments (BOP) position in June was a deficit of $155 million, compared with a surplus of $2 billion in May, the central bank said on Friday.

For the first half of the year, the cumulative BOP was a surplus of $1.44 billion.

The central bank has forecast a $1.6 billion BOP surplus for 2024.

—Reporting by Neil Jerome Morales; Editing by John Mair