It's important to distinguish between the balance of payments and the current account. The terms "trade deficit" and "trade surplus" are almost always referenced to the current account when they ...

THE PHILIPPINES’ balance of payment (BoP) surplus sharply narrowed in 2024, falling short of the central bank’s full-year ...

The BoP surplus in the October-December quarter stood at USD 4.1 billion against USD 13.2 billion year-on-year, according to RBI. The country's current account deficit (CAD), or the difference in ...

The BOP projection of the Central Bank is $3.5 ... Based on the BSP’s estimates, the current account is expected to contract $10.4 billion in 2024 and $12.1 billion in 2025.

has helped improve the country's balance of payments (BoP). In other words, it has reduced the deficit in the country's current account balance, which is a measure of the overall cross-border ...