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Business > Top Business
PH net external liability improves in Q2 2022
By Eireene Jairee Gomez
Jan 28, 2023 12:19 am

THE Philippines recorded a slimmer net external liabilityposition in the second quarter of 2022, the Bangko Sentral ng Pilipinas (BSP)said, due to the lower net external liabilities of the non-financialcorporations (NFCs).

The net external liability position of the Philippines wasat $1.4 trillion in the second quarter last year, based on preliminary datafrom the BSP. This is lower by 11.8 percent than the $1.5 trillion in netexternal liability seen in the previous quarter.

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