June BOP reverses to surplus

The reversal of the Philippines' balance of payments (BOP) position to a surplus in June brought down the country's BOP deficit by 3.5 percent to $5.6 billion in the first six months of 2025.

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Data from the Bangko Sentral ng Pilipinas (BSP) showed that the BOP, which reflects the country's transactions with the rest of the world, narrowed in the January-to-June period from the wider $5.8-billion deficit a year ago.

In June alone, the Philippines' BOP posted a $226-million surplus, a turnaround from the $155-million deficit in the same month last year and the $298-million shortfall recorded in May.

As per the BSP, the BOP surplus reflected the national government's foreign currency deposits with the central bank. It also reflected the income from BSP investments.