MANILA: The Philippine central bank on Friday revised its current account surplus projection for this year to US$10 billion, or 2.5per cent of gross domestic product, wider than its previous forecast of US$9.1 billion, or 2.3per cent of GDP.

MANILA: The Philippine central bank on Friday revised its current account surplus projection for this year to US$10 billion, or 2.5per cent of gross domestic product, wider than its previous forecast of US$9.1 billion, or 2.3per cent of GDP.
For next year, the current-account surplus is expected to reach US$6.7 billion, or 1.5per cent of GDP, also wider than the earlier estimate of US$5.2 billion, or 1.2per cent of gross domestic product, the Bangko Sentral ng Pilipinas said in a briefing.
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(Reporting by Karen Lema; Editing by Ed Davies)