Balance of Payments Posts $267-M Deficit in 7 Months

By Sionil, Fil C. | Manila Bulletin, October 30, 2000 | Go to article overview

Balance of Payments Posts $267-M Deficit in 7 Months


Sionil, Fil C., Manila Bulletin


The country's balance of payments (BOP) position for the first seven months of the year yielded a deficit of $267 million.

According to Bangko Sentral ng Pilipinas (BSP) Governor Rafael B. Buenaventura, the BOP position as of end July was a 360 degrees turnaround from a hefty surplus posted in 1999 at $2.770 billion.

"This was due largely to net withdrawal of portfolio investment and other investments following negative investors' sentiment in the region and investors' concerns over domestic developments," Buenaventura explained.

But it was noted that the BOP deficit for the first seven months of the year was smaller by $225 million relative to the program deficit of $492 million.

The reversal of the BOP position, Buenaventura explained, was largely due to the shortfall in capital and financial account.

Capital and financial account deficit widened by 211.8 percent to $2.207 billion compared to a surplus of $1.974 billion in the comparable period the year past.

The pullout of "hot money," otherwise known as portfolio investments, normally lodged in listed securities at the local bourse was heavily felt as of end July due to the protracted Mindanao conflict, which had gained international prominence. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Balance of Payments Posts $267-M Deficit in 7 Months
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.