Philippines posts $2.3 billion balance of payment deficit in Nov

December 19, 2024 - 12:00 PM
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US dollar bills. (The STAR/Edd Gumban)

 The Philippines’ overall balance of payments (BOP) position was a deficit of $2.3 billion in November, the central bank said on Thursday, wider than the $724 million deficit in the previous month.

The cumulative BOP level for January to November was a $2.1 billion surplus, lower than the $3.0 billion surplus recorded in the same period last year.

—Reporting by Neil Jerome Morales; Editing by John Mair