4 months Current account gap narrows in April to June Manilatimes |Biz
THE current account — a major component of the country’s balance of payments (BOP) — posted a $145-million deficit in the second quarter of 2019, a 95.6-percent decrease from $3.28 billion in the same period last year, Bangko Sentral ng Pilipinas (BSP) data showed on Friday In a briefing, BSP Department of Economic Statistics Officer in Charge Fernando Silvoza mainly attributed the significant reduction to the lower deficit in the trade-in-goods account, which declined to $11.3 billion in the April-to-June period from $12.8 billion year-on-year. “Increased net receipts of trade-in-services, and secondary and primary income also contributed to the improvement ... more