Read this in The Manila Times digital edition.
THE Bangko Sentral ng Pilipinas (BSP) has lowered its projection for the country's balance of payments (BoP) surplus this year after taking into account the rapid spread of the Covid-19 Delta variant and vaccine supply concerns.
Zeno Ronald Abenoja, managing director of the central bank's Department of Economic Research, said at a briefing on Friday that the BoP surplus was now expected to be $4.1 billion this year, or 1.1 percent of the country's gross domestic product (GDP).
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