Latest Breaking News On - Manila senior economist nicholas antonio - Page 1 : comparemela.com

February 2, 2021 | 7:39 pm Font Size BW FILE PHOTO THE balance of payments (BoP) surplus in 2020 was at a record $16.022 billion, swelled by proceeds from overseas debt which the government took on to help deal with the pandemic, with outflows also limited by the sharp drop in imports. The BoP surplus exceeded the year-earlier total by 104%, according to the Bangko Sentral ng Pilipinas (BSP), which released the data late Monday. The surplus significantly exceeded the forecast of $12.8 billion issued by the central bank in December. The BSP said the surplus was driven by an increase in net foreign borrowing by the National Government coupled with the narrowing of the merchandise trade deficit. It added that remittances, foreign direct investment, and trade in services likewise contributed to the BoP surplus.

Bangko sentralRuben carloCarlosg dominguezLuz wendyBank senior economist nicholas antoniot mapaNational governmentPhilippines incManila senior economist nicholas antonioFinance secretary carlosChief economist ruben carloரூபன் கார்லோலஸ் வெண்டிதேசிய அரசுபிலிப்பைன்ஸ் இன்க்மணிலா மூத்தவர் பொருளாதார நிபுணர் நிக்கோலஸ் அன்டோனியோநிதி செயலாளர் கார்லோஸ்