Sign up | Log in



Home  >>   Daily News  >>Philippine>>Economy>>PHL payments position posts $994M deficit during Q1 2017
NEWS UPDATES Asean Affairs     June 19, 2017  

PHL payments position posts $994M deficit during Q1 2017

The Philippines' balance of payments (BOP) position posted a $994 million-deficit during 2017's first quarter, the Bangko Sentral ng Pilipinas reported on Friday.

The deficit during the same period last year was $210 million.

"The negative overall BOP position was a result of the deficit in the current account and net outflows or net lending by residents to the rest of the world in the financial account," Deputy Director for Department of Economic Statistics Fernando Silvoza explained in a press briefing in Manila.

The current account reversed to a deficit of $318 million from a $730 million surplus as the trade-in-goods deficit continued to widen.

The financial account registered lower net outflows of $579 million, mainly due to the turnaround in other investment accounts to net inflows from net outflows, along with increased net inflows of direct investments and financial derivatives, Silvoza sdded.

Net receipts in the capital account or capital transfers to the national government declined substantially to $9 million from $24 million.

The BOP is a record of all the country's transactions with rest of the world in a particular period. It is the difference of payments into and out of a country.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          June 19, 2017 Subsribe Now !
• WB projects 5.3% economic growth in 2018 Subcribe: Asean Affairs Global Magazine
• PHL payments position posts $994M deficit during Q1 2017 
• Indonesia offers investment opportunities to China
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Singaporean bus manufacturer SC Auto to set-up S$30 million facility in Yangon
• APEC eyes sustainable tourism
Asean Analysis                  June 17,  2017
• Asean Analysis June 17, 2017
Southeast Asia Plans for Its Own Future after Shangri-La
Advertise Your Brand

Asean Stock Watch    June 16, 2017

• Asean Stock Watch-June 16, 2017
The Biweekly Update
• The Biweekly Update  June 17, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand