Philippines posts $88M balance of payments surplus in August

Benise Balaoing

ABS-CBN News

<p>MANILA -- The Philippines posted a balance of payments (BOP)surplus of $88 million in August 2024, the Bangko Sentral ng Pilipinasn (BSP) said on Thursday.</p><p>This is a reversal of the $57 million deficit seen in August 2023.</p><p>The BSP said the surplus reflects inflows mainly from the net income from the central bank&#x27;s investments abroad.</p><p>From January to August, the BOP posted a surplus of $1.6 billion, lower than the $2.1 billion seen in the same period last year. </p><p>Meanwhile, gross international reserves reached $107.9 billion at the end of August, higher than the $106.7 billion seen at the end of July.</p><p>The BSP said this reflects more than adequate external liquidity buffer equivalent to 7.8 months’ worth of imports of goods and payments of services and primary income.</p><p>It is also more than adequate external liquidity buffer equivalent to 7.8 months’ worth of imports of goods and payments of services and primary income.</p><div><a href="https://news.abs-cbn.com/business/2024/9/13/philippines-books-balance-of-payments-surplus-in-q2-1708" rel="noopener noreferrer" target="_blank">Philippines books balance of payments surplus in Q2</a></div><div><strong>RELATED STORY:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/D_6Szc24Xfw?&amp;ab_channel=ANC24%2F7autoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The Philippines posted a balance of payments (BOP) surplus of $88 million in August 2024.</p>

The Philippines posted a balance of payments (BOP) surplus of $88 million in August 2024.

PH posts $88-M balance of payments surplus in August

Philippines posts $88-M balance of payments surplus in August | ABS-CBN

Halalan 2025

Entertainment

News

Metro.Style

Lifestyle

Sports

More

Traffic

Horoscope

Business

Philippines posts $88-M balance of payments surplus in August

Philippines posts $88-M balance of payments surplus in August

Benise Balaoing,

ABS-CBN News

Published Sep 20, 2024 12:21 PM PHT

|

Updated Sep 21, 2024 09:09 AM PHT

Read More:

ANC promo

balance of payments

BOP

Bangko Sentral ng Pilipinas

Gross International Reserves

GIR

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.