{"id":42868,"date":"2020-10-14T13:36:55","date_gmt":"2020-10-14T05:36:55","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=42868"},"modified":"2020-10-14T13:36:55","modified_gmt":"2020-10-14T05:36:55","slug":"bsp-expects-higher-bop-surplus-as-imports-collapse","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/","title":{"rendered":"BSP expects higher BOP surplus as imports collapse"},"content":{"rendered":"

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) expects higher dollar inflows this year than earlier expected, given the decline in imports amid weakened domestic demand.<\/span><\/p>\n

In a statement, the central bank said it revised its balance of payments (BOP) position to an $8.1-billion surplus this year, equivalent to 2.2% of the gross domestic product. In May, the BSP forecasted the payments position to post a $0.6 billion surplus or 0.2% of the GDP.<\/span><\/p>\n

The BOP consists of Philippine transactions with the rest of the world during a specific period. A surplus means more funds entered the country, while a deficit means more funds exited.<\/span><\/p>\n

Read more here.<\/span><\/a>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) expects higher dollar inflows this year than earlier expected, given […]<\/p>\n","protected":false},"author":6,"featured_media":42869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBSP expects higher BOP surplus as imports collapse - Outsource Accelerator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BSP expects higher BOP surplus as imports collapse - Outsource Accelerator\" \/>\n<meta property=\"og:description\" content=\"The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) expects higher dollar inflows this year than earlier expected, given […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/\" \/>\n<meta property=\"og:site_name\" content=\"Outsource Accelerator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/outsourceaccelerator\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-14T05:36:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2020\/10\/BSP-expects-higher-BOP-surplus-as-imports-collapse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ynah Edillor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:site\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ynah Edillor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/\"},\"author\":{\"name\":\"Ynah Edillor\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/eafae1169a9db77be685ef31af84f192\"},\"headline\":\"BSP expects higher BOP surplus as imports collapse\",\"datePublished\":\"2020-10-14T05:36:55+00:00\",\"dateModified\":\"2020-10-14T05:36:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/\"},\"wordCount\":115,\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/bsp-expects-higher-bop-surplus-as-imports-collapse\/\",\"name\":\"BSP expects higher BOP surplus as imports collapse - 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