Philippines returned to dollar deficit in 2025

MANILA, Philippines — The Philippines ended 2025 with a smaller-than-expected dollar deficit, as inflows from key foreign-exchange sources helped cushion persistent outflows from the country’s trade gap. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the country’s balance of payments (BOP)—which tracks all foreign exchange inflows and outflows—swung to a deficit of