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× PH dollar surplus in August hits $493M, says BSP

The Philippines posted a balance of payment surplus of $493 million in August 2019, largely due to remittances of OFWs and investments by fund managers and businessmen, according to the Bangko Sentral ng Pilipinas (BSP).

The surplus, however, was lower than $1.27 billion in the same month in 2018.

The BSP said the inflow of dollars was "offset partially" by foreign debt payments during the month…