MANILA  – The Philippines incurred a balance of payments deficit of $895 million (BOP) in February, about six times the $157-million deficit posted in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP). At the same time, the BSP’s gross international reserves (GIR) decreased to $98.2 billion, which was even lower … Continue reading BOP deficit swelled to $895M in Feb