BoP surplus higher in August

THE country posted a higher balance of payments (BoP) in August, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, rising to $88 million from $62 million in July and also rebounding from the $57-million deficit posted a year earlier.

The surplus, the central bank said in a statement, was driven mainly by net income from the central bank’s investments abroad.