BSP: PH int’l investment position worsens

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MANILA – – The Bangko Sentral ng Pilipinas yesterday reported that the country’s international investment position worsened in the first quarter following increase in net liability position.

The IIP compares the country’s stock of financial claims and financial liabilities with other countries around the world.

The increase in net liability from $40.7 billion in end-December to $43.2 billion was due to the increase in external financial liabilities, according to the  BSP.

It added that amid changes in market prices, the revaluation adjustments affected the increase.

The country’s total outstanding external financial liabilities amounted to $193.4 billion in end-March, while total outstanding external financial assets stood at $150.2 billion.