{"id":125152,"date":"2017-10-19T22:59:50","date_gmt":"2017-10-20T02:59:50","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=125152"},"modified":"2017-10-19T22:59:50","modified_gmt":"2017-10-20T02:59:50","slug":"ph-posts-usd24-m-bop-surplus-in-sept-17","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/19\/ph-posts-usd24-m-bop-surplus-in-sept-17\/","title":{"rendered":"PH posts USD24-M BOP surplus in Sept. &#8217;17"},"content":{"rendered":"<figure id=\"attachment_111267\" aria-describedby=\"caption-attachment-111267\" style=\"width: 145px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/145px-Bangko_Sentral_ng_Pilipinas_BSP.svg_.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-111267\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/145px-Bangko_Sentral_ng_Pilipinas_BSP.svg_.png\" alt=\"FILE: Data released by the Bangko Sentral ng Pilipinas (BSP) Thursday night showed a USD24 million BOP surplus in the ninth month this year, an improvement from month-ago\u2019s USD7 million deficit but lower than last year's USD117 million surplus.(Photo by Bangko Sentral ng Pilipinas, Public Domain)\" width=\"145\" height=\"145\" \/><\/a><figcaption id=\"caption-attachment-111267\" class=\"wp-caption-text\">FILE: Data released by the Bangko Sentral ng Pilipinas (BSP) Thursday night showed a USD24 million BOP surplus in the ninth month this year, an improvement from month-ago\u2019s USD7 million deficit but lower than last year&#8217;s USD117 million surplus.<a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=59823257\">(Photo by Bangko Sentral ng Pilipinas, Public Domain)<\/a><\/figcaption><\/figure>\n<p>MANILA &#8211; &#8211; The Philippines balance of payment (BOP) position reversed to a surplus in September 2017 after staying in deficit since last May.<\/p>\n<p>Data released by the Bangko Sentral ng Pilipinas (BSP) Thursday night showed a USD24 million BOP surplus in the ninth month this year, an improvement from month-ago\u2019s USD7 million deficit but lower than last year&#8217;s USD117 million surplus.<\/p>\n<p>The positive BOP figure last September resulted in the drop in the year-to-date deficit to USD1.37 billion from month-ago\u2019s USD1.39 billion, which in turn, was a big decline from the USD1.648 billion surplus same period last year.<\/p>\n<p>BOP refers to the total transactions of a country to the rest of the world.<\/p>\n<p>The BSP\u2019s BOP assumption for the year is a deficit of USD500 million.<\/p>\n<p>In 2016, the country registered a USD420 million BDO deficit.<\/p>\n<p>Philippine monetary officials expect the country\u2019s BOP position to be buoyed by the recovery in merchandise exports and higher-than-expected growth of remittances from Overseas Filipino Workers.<\/p>\n<p>Last August alone, exports registered a year-on-year growth of 9.3 percent, a big improvement from the 1.8 percent decline in August 2016.<\/p>\n<p>During the same period, total inflows from OFWs grew by 9.4 percent to USD 2.8 billion. As of end-August, total remittances grew by 6.4 percent to USD20.72 billion.<\/p>\n<p>The central bank\u2019s remittance growth assumption for the year is four percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8211; &#8211; The Philippines balance of payment (BOP) position reversed to a surplus in September 2017 after staying in &hellip;<\/p>\n","protected":false},"author":33,"featured_media":111269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[28569,1216,343],"class_list":["post-125152","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-balance-of-payment","tag-bangko-sentral-ng-pilipinas","tag-philippines","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/125152","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=125152"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/125152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/111269"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=125152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=125152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=125152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}