{"id":11022,"date":"2014-05-20T23:54:38","date_gmt":"2014-05-20T15:54:38","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=11022"},"modified":"2014-05-20T23:54:38","modified_gmt":"2014-05-20T15:54:38","slug":"bsp-eyes-changes-in-bop-projection","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/05\/20\/bsp-eyes-changes-in-bop-projection\/","title":{"rendered":"BSP eyes changes in BOP projection"},"content":{"rendered":"
\"Bangko<\/a>
Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo<\/figcaption><\/figure>\n

MANILA — The Bangko Sentral ng Pilipinas (BSP) is considering some changes in its 2014 balance of payments (BOP) forecast given the development both in the local and external fronts.<\/p>\n

It has set a USD 3 billion BOP surplus for this year but as of end-April the country has registered a USD 4.5 billion deficit in its BOP position.<\/p>\n

The largest deficit was posted last January at USD 4.48 billion followed by the USD 340 million in March and USD 19 billion in April.<\/p>\n

On the other hand, the country registered a USD 345 million BOP surplus last February.<\/p>\n

Tetangco cited that although the country\u2019s BOP position is generally on the deficit, the outflows has been declining.<\/p>\n

\u201cWe have to review the balance of payments projections to take into account the worries and developments,\u201d he told reporters at the sidelines of the Financial Times-First Metro Investment Corp. (FT-FMIC) Philippines Investment Summit in Mandarin Oriental Hotel in Makati Monday.<\/p>\n

Tetangco said one of the considerations in the BOP target review is the prospects on capital and financial transaction account, which in turn covers the foreign portfolio flows.<\/p>\n

Another factor is the current account item, which covers remittances, among others.<\/p>\n

Tetangco said there might be some changes in the current account target but it will not be significant.<\/p>\n

\u201cBut I would say that changes will most likely going to be smaller than potential changes in the capital and financial transactions account,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — The Bangko Sentral ng Pilipinas (BSP) is considering some changes in its 2014 balance of payments (BOP) forecast …<\/p>\n","protected":false},"author":44,"featured_media":10675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,95],"tags":[3747,1216,1215],"class_list":["post-11022","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ph","tag-balance-of-payments","tag-bangko-sentral-ng-pilipinas","tag-bsp","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/11022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=11022"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/11022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10675"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=11022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=11022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=11022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}