MONETARY authorities have approved new balance of payments (BoP) projections, the Bangko Sentral ng Pilipinas (BSP) said on Friday, with a much larger surplus expected this year and another for 2025 instead of a deficit.
MONETARY authorities have approved new balance of payments projections, the Bangko Sentral ng Pilipinas said on Friday, with a much larger surplus expected this year and another for 2025 instead of a deficit.
Foreign direct investments are now expected to hit a net $9.5 billion instead of $9.0 billion, while the outlook for foreign portfolio investments was also raised to $3.1 billion from $1.3 billion.Gross international reserves were forecast to close out the year at $104 billion instead of $103 billion.
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