THE country’s balance of payments (BoP) position surged to a 16-month-high surplus of $2.43 billion in May, supporting the year-to-date tally, the Bangko Sentral ng Pilipinas (BSP) data showed on Wednesday.

According to the data, the amount was higher than the $1.66 billion and $928 million surpluses in April and in May 2019.

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