THE PHILIPPINE balance of payments (BOP) position registered an 11-month high surplus in December last year. This brings the full-year figure a turnaround from the deficit recorded in 2018.
According to data released by the Bangko Sentral ng Pilipinas, the BOP position registered a surplus of $1.572 billion in December 2019.
This is the highest in 11 months since the $2.704-billion surplus in January, and the sixth consecutive month that the BOP was in a surplus position.
It also compares with the $541-million surplus in November the same year, and the $2.442-billion surplus in December 2018.
This brought the year-to-date BOP position to a surplus of $7.843 billion, a turnaround from the $2.306-billion deficit in 2018. (GMA News)
