Philippines posts 2 bln USD surplus in May

MANILA, June 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 2 billion U.S. dollars in May 2024, a reversal from the 439 million BOP deficit recorded in May 2023, the country's central bank has said.

The Bangko Sentral ng Pilipinas (BSP) said in a press release on Wednesday night that it has attributed the BOP surplus in May to inflows arising mainly from the national govern