MANILA, Philippines – The Philippines swung back to a dollar surplus in May, snapping seven straight months of deficits as pressures on the country’s external position showed signs of easing.
Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s balance of payments (BOP)—which accounts for the country’s transactions with the rest of the world—posted a $131-million surplus in May, marking the first time dollar inflows outpaced outflows since October 2025.
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This helped narrow the cumulative deficit for the first five months of the year to $7.28 billion from $7.4 billion in the January-April period.FEATURED STORIES
