Manila Bulletin

BOP surplus...

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The primary income account had net receipts of $883 million while the primary income account increased to $3.8 billion during the period.

The current account, with capital and financial accounts, are part of the BOP compositio­n.

The central bank expects a full-year BOP surplus of $2 billion this year, in contrast to the $2.86-billion deficit in 2014. The BOP shortfall last year was the first deficit reported since 2004 and mainly a result of capital outflows during the first quarter of 2014 on market volatility issues following the so-called “taper tantrum.”

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