Philippines posts $606 million balance of payments deficit in June

July 20, 2023 - 9:05 AM
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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 $606 million in June, from a deficit of $1.6 billion a year ago, the central bank said on Wednesday.

Cumulative BOP level for January to June was at $2.3 billion surplus, it added.

—Reporting by Neil Jerome Morales