Bangko Sentral ng Pilipinas (BSP) Department of Economic Research Director Dennis Lapid (left) and Monetary Policy Subsector Officer in Charge Redentor Paolo Alegre Jr. discuss the latest balance of payments outlook in a briefing in Manila on Dec. 13, 2019. (Photo by Mayvelin U. Caraballo)
THE Bangko Sentral ng Pilipinas (BSP) expects the country’s balance of payments (BoP) surplus to widen this year after taking the latest local and foreign developments into account.