Monday, 18 May 2009

Philippine April BOP surplus $466M--BSP


MANILA, Philippines --The country recorded a balance of payments surplus of $466 million in April after a deficit of $472 million in March, the central bank said on Monday.

The cumulative surplus in the first three months of the year has reached $2.198 billion.

The central bank has predicted a BOP surplus of $700 million this year.

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

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