MANILA — The Philippines’ overall balance of payments (BOP) position hit a deficit of $724 million in October, the central bank said on Tuesday, a reversal of the $3.526 billion surplus in the previous month.
The cumulative BOP level for January to October was a $4.4 billion surplus, up from the $3.2 billion surplus recorded in the same period last year.
— Reporting by Neil Jerome Morales; Editing by Andrew Heavens
