{"id":26669,"date":"2014-09-23T10:44:24","date_gmt":"2014-09-23T02:44:24","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=26669"},"modified":"2014-09-23T22:46:07","modified_gmt":"2014-09-23T14:46:07","slug":"ph-posts-bop-surplus-trims-8-mos-deficit","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/09\/23\/ph-posts-bop-surplus-trims-8-mos-deficit\/","title":{"rendered":"PH posts BOP surplus, trims 8-mos deficit"},"content":{"rendered":"<figure id=\"attachment_18729\" aria-describedby=\"caption-attachment-18729\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/07\/shutterstock_145944785.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-18729\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/07\/shutterstock_145944785-300x200.jpg\" alt=\"Shutterstock photo\" width=\"300\" height=\"200\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/07\/shutterstock_145944785-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/07\/shutterstock_145944785-600x400.jpg 600w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/07\/shutterstock_145944785.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-18729\" class=\"wp-caption-text\">Shutterstock photo<\/figcaption><\/figure>\n<p>MANILA \u2013 Despite the huge deficit on the eight-month external payments, the country made a surplus on the balance of payments (BOP) for the second straight month in August this year.<\/p>\n<p>Deputy Governor Diwa C. Guinigundo said during a press conference on Monday that the Bangko Sentral ng Pilipinas (BSP) is maintaining its $1.1-billion BOP surplus forecast for the 2014.<\/p>\n<p>A surplus means that the foreign money entering the country is more than the amount that exited.<\/p>\n<p>For the month of August, a surplus of $114 million was registered, according to the latest data from BSP.<\/p>\n<p>This figure posts a reversal of the $318-million deficit recorded in the same month last year, and is also smaller than the $501 million in July.<\/p>\n<p>The surplus allowed the country to make up for the eight-month BOP deficit from end-July\u2019s $3.643 billion.<\/p>\n<p>According to Diwa, the deficit was a result of the \u201ccontinuing deficit in foreign portfolio investments.\u201d<\/p>\n<p>\u201cThe market has started to discriminate as early as the second quarter of 2014. As a result, we\u2019ve seen a gradual return of capital to emerging markets, particularly the Philippines,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Despite the huge deficit on the eight-month external payments, the country made a surplus on the balance of &hellip;<\/p>\n","protected":false},"author":44,"featured_media":18729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[7938],"class_list":["post-26669","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-surplus","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/26669","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=26669"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/26669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/18729"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=26669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=26669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=26669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}