Philippines posts $148 million balance of payment deficit in April

May 20, 2023 - 10:23 AM
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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 hit a deficit of $148 million in April, narrower than the $415 million deficit a year ago, the central bank said on Friday.

Cumulative BOP level for January to April was at $3.3 billion surplus, it added.

—Reporting by Neil Jerome Morales; Editing by Toby Chopra