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US one-hundred-dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. — REUTERSBy Luisa Maria Jacinta C. Jocson, ReporterTHE COUNTRY’S balance of payments (BoP) position swung to a surplus in July, data from the Bangko Sentral ng Pilipinas (BSP) showed.The $62-million

REUTERSTHE COUNTRY’S external debt payments declined by 14.8% as of end-May, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.The Philippines’ debt service burden on its external borrowings fell to $5.62 billion from $6.595 billion a year ago.Central bank data showed principal payments slumped