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Large dollar surplus spells hope for weak peso

By Inquirer - 5 months ago
MANILA, Philippines — Fresh foreign borrowings from the Marcos administration’s first trip to the global debt market this year gave the Philippines its largest dollar surplus in over a year, the Bangko Sentral ng Pilipinas (BSP) reported. BSP data showed the country’s balance of payments (BoP) position tilted to a surplus of $2 billion in

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