Philippine BOP deficit widened to 10-month high in February

MANILA, Philippines — The Philippines recorded its widest cash shortfall in 10 months in February, as rising import costs and foreign capital outflows, fueled by global uncertainty, weighed on the country’s external position. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed the country’s balance of payments (BOP)—a gauge of whether more foreign currency […]... Keep on reading: Philippine BOP deficit widened to 10-month high in February