BoP surplus at 7-yr high in 2019

THE Philippines’ balance of payments (BoP) surplus hit an 11-month high in December, boosting the full-year 2019 tally to reach its highest in seven years.

The Bangko Sentral ng Pilipinas (BSP) reported on Monday that the $1.57-billion surplus in December was higher than the $541-million surplus in November, but lower than the $2.44 billion recorded a year ago.