BOP deficit narrows to $606M in June–BSP

THE country’s overall balance of payments (BOP) posted a deficit of $606 million in June 2023, lower than the $1.6 billion recorded in the same month last year, data from the Bangko Sentral ng Pilipinas (BSP) showed. The narrower deficit was traced by one expert to higher remittances, tourist receipts and BPO revenues.