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                    [Title] => BOP deficit hits $222M in first seven months
                    [Summary] => The national debt burden created an even wider gap in the country’s balance of payments (BOP), blowing out the deficit to $222 million during the first seven months of the year. 


The Bangko Sentral ng Pilipinas (BSP) reported yesterday that despite heavy government borrowing from the foreign credit market, debt servicing put so much strain on the international reserves that the  BOP  sustained a $127-million deficit in August alone. 


The latest  BOP shortfall   plummeted dramatically from only $95 million  from January to July last year.


                    [DatePublished] => 2004-09-17 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 261561
                    [Title] => BOP yields $95-M deficit as of July
                    [Summary] => The national debt burden ate a huge chunk of the country’s international reserves last month, wiping out the surplus in the first semester and resulting in a $95-million deficit as of end-July. 


The Bangko Sentral ng Pilipinas (BSP) said debt servicing pushed the country’s international reserves down to a $163-million deficit in July following a much bigger deficit of $407-million deficit in June. 


On a  year-to-date basis, the BOP dipped into a deficit of $95 million, in July, from a $68-million surplus in the first six months.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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DEPUTY GOVERNOR AMADO M

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                    [ArticleID] => 265032
                    [Title] => BOP deficit hits $222M in first seven months
                    [Summary] => The national debt burden created an even wider gap in the country’s balance of payments (BOP), blowing out the deficit to $222 million during the first seven months of the year. 


The Bangko Sentral ng Pilipinas (BSP) reported yesterday that despite heavy government borrowing from the foreign credit market, debt servicing put so much strain on the international reserves that the  BOP  sustained a $127-million deficit in August alone. 


The latest  BOP shortfall   plummeted dramatically from only $95 million  from January to July last year.


                    [DatePublished] => 2004-09-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 261561
                    [Title] => BOP yields $95-M deficit as of July
                    [Summary] => The national debt burden ate a huge chunk of the country’s international reserves last month, wiping out the surplus in the first semester and resulting in a $95-million deficit as of end-July. 


The Bangko Sentral ng Pilipinas (BSP) said debt servicing pushed the country’s international reserves down to a $163-million deficit in July following a much bigger deficit of $407-million deficit in June. 


On a  year-to-date basis, the BOP dipped into a deficit of $95 million, in July, from a $68-million surplus in the first six months.


                    [DatePublished] => 2004-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

BOP deficit hits $222M in first seven months

By Des Ferriols | September 17, 2004 - 12:00am

The national debt burden created an even wider gap in the country’s balance of payments (BOP), blowing out the deficit to $222 million during the first seven months of the year. The Bangko Sentral ng Pilipinas...

Business

BOP yields $95-M deficit as of July

By Des Ferriols | August 17, 2004 - 12:00am

The national debt burden ate a huge chunk of the country’s international reserves last month, wiping out the surplus in the first semester and resulting in a $95-million deficit as of end-July. The Bangko...

Business