Philippine Feb Balance of payments swings to $839 million surplus

MANILA, April 16 (Philippine Inquirer/ANN) - The Philippine balance of payments (BOP) was back in the black in February as the amount it earned from its transactions with the rest of the world outpaced the amount of dollars it spent, according to the latest data from the central bank.

In a statement, the Bangko Sentral ng Pilipinas (BSP) said the $839-million surplus for February sharply reduced the country’s BOP deficit for the first two months of the year to $516 million from the net outflow of $1.3 billion in January.