By bno Taiwan bureau The Philippines has reported its largest dollar surplus in nearly four years, highlighting a remarkable recovery in its balance of payments (BOP). In September, the BOP position revealed a surplus of $3.5bn, a striking turnaround from the $414mn deficit recorded in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP). This significant surplus has propelled the cumulative BOP surplus for the first nine months of 2024 to $5.1bn, already surpassing the BSP’s annual forecast of $2.3bn, as reported by The Inquirer. The robust surplus can largely be attri…