The cumulative BOP level for the first quarter was a $238 million surplus
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The Philippines' overall balance of payments (BOP) position was a surplus of $1.2 billion in March, compared with a surplus of $1.3 billion in the same month last year, the central bank said on Friday.
The cumulative BOP level for the first quarter was a $238 million surplus. The Philippine central bank has forecast a $700 million BOP surplus for 2024. (Reporting by Mikhail Flores)
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