Arab Today, arab today philippine bop to drop by half this year
Last Updated : GMT 05:12:05
Arab Today, arab today
Arab Today, arab today

Philippine BOP to drop by half this year

Arab Today, arab today

Arab Today, arab today Philippine BOP to drop by half this year

Manila - XINHUA

The Philippines\' balance of payments (BOP) is to have a surplus of 4.4 billion U.S. dollars this year, less than half of last year\'s amount at 9.24 billion dollars, the central bank said on Friday. Assistant Governor Ma. Cyd Tuano-Amador told reporters in a briefing that the surplus will be driven by the \"positive\" fundamentals of the country, but will be narrower due to \"global developments.\" Central bank director Zeno Abenoja tagged the ongoing debt crisis in Europe and the slow growth in the United States as reasons for investors\' likely risk aversion. Of the total BOP, the current account surplus, which accounted for the bulk of the BOP, is expected to hit 7 billion U.S. dollars this year. As of the first quarter, the current account surplus stood at 3.4 billion dollars. For this year, remittances from overseas Filipinos are projected to grow 5 percent, while exports and imports may expand 11 percent and 13 percent, respectively. Meanwhile, foreign direct investments (FDI) to the Philippines are seen to hit 3.2 billion dollars, while portfolio placements may surge to 4.4 billion dollars. FDI and hot money inflows are part of the capital account segment of the BOP. The Philippines has been on a BOP surplus since 2005.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine bop to drop by half this year Arab Today, arab today philippine bop to drop by half this year

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine bop to drop by half this year Arab Today, arab today philippine bop to drop by half this year

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday