• The Philippines’ overall balance of payments (BOP) posted a deficit of $216 million in November, lower than the $756 million deficit recorded in the year-ago period, the central bank said Tuesday.
• The BOP deficit reflected outflows arising mainly from the government’s payments of its foreign currency debt obligations.
• From January to November, the BOP posted a surplus of $3 billion, a reversal from the $7.9 billion deficit recorded in the same period a year earlier, the release said.