Philippines posts 639 mln USD deficit in April

MANILA, May 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a deficit of 639 million U.S. dollars in April, higher than the 148 million dollars BOP deficit recorded a year ago, the country's central bank said Monday.

The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in April reflected outflows arising mainly from the national government's net foreign currency withdrawals from th