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MANILA, Philippines — The Philippines recorded its largest monthly dollar surplus in nearly two years in June, buoyed by seasonal inflows and foreign exchange earnings despite market turbulence fueled by the Middle East conflict.
The country’s balance of payments—a broad measure of money flowing into and out of the economy—registered a surplus of $3.4 billion in June, according to data released by the Bangko Sentral ng Pilipinas (BSP). The surplus, the largest since September 2024, reflected foreign exchange inflows that outpaced outflows during the month.
READ: PH swung back to dollar surplus in May
The stronger June performance narrowed the balance of payments deficit for the first half of the year to $3.9 billion, leaving it well below the central bank’s full-year forecast of a $10.7-billion shortfall.
