Bloomberg News

Tetangco Says Philippine Flows Remain Supported by Fundamentals

October 19, 2011

Oct. 19 (Bloomberg) -- Philippines’ capital flows will remain supported by domestic fundamentals even as the nation’s balance of payments surplus narrowed in September, central bank Governor Amando Tetangco said today.

“We are still running way ahead of our current projections,” Tetangco said in a mobile phone message. “There may be some rebalancing of investor portfolio positions going forward due to uncertainties in the global arena.” The payments surplus narrowed to $719 million last month compared with $2.72 billion in August, the central bank reported.

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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