PHL net external liability position narrows at end-Dec.

THE PHILIPPINES’ international investment position (IIP) stood at a net external liability of $65.5 billion at the end of December, the central bank said.

Bangko Sentral ng Pilipinas (BSP) data showed the net external liability fell by 10.2% at end-December 2024 from the $72.9-billion net liability at end-September 2024.

Year on year, the net external liability position widened by 29% from $50.7 billion in the same period a year ago.