Tuesday, 17 March 2009

Philippines' February BOP surplus at $469 mln-c.bank

http://www.forbes.com/feeds/afx/2009/03/16/afx6169860.html

MANILA, March 16 (Reuters) - The Philippines recorded a balance of payments surplus of $469 million in February after a surplus of $1.735 billion in January, the central bank said on Monday.

The central bank has predicted a BOP surplus of $700 million in this year. The cumulative surplus in the first two months of the year has reached $2.204 billion.

The overall BOP surplus in 2008 fell to a four-year low of $89 million after a record $8.58 billion in 2007.

(Reporting by Karen Lema)

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