World Economy

BOP Surplus Shrinks

BOP Surplus ShrinksBOP Surplus Shrinks

The Philippines’ balance of payments (BOP) surplus stood precariously near the edge of positive territory at the start of 2015, losing much ground from December when it looked to have made a significant rebound from a multi-billion dollar deficit in January 2014, NewsNow reported. The BOP in January registered a $136m surplus, shrinking by more than $700m from the $864m BOP surplus in December 2014.