The Philippines posted a balance of payments (BOP) surplus of $1.2 billion in March 2024, bringing the tally in the first quarter to a positive position.
“The BOP surplus in March 2024 reflected inflows arising mainly from the national government’s (NG) net foreign currency deposits with the Bangko Sentral ng Pilipinas (BSP) and net income from the BSP’s investments abroad,” the BSP said in a statement Friday.
It said the BOP...
Finance Secretary Ralph Recto has secured support of the World Bank for the Philippine government’s digitalization program to enhance tax administration.
Recto, who attended a...
