Short-term investments made by foreign investors were still in negative net outflow territory for the fifth consecutive month in September, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
SHORT-TERM investments made by foreign investors were still in negative net outflow territory for the fifth consecutive month in September, the Bangko Sentral ng Pilipinas reported on Thursday.
“This resulted from the $1.3 billion gross outflows and $892 million gross inflows for the month,” the BSP said. The BSP said the $1.3-billion gross outflows for the month spiked 43.4 percent or by $381 million, compared to the $878 million recorded in August 2022. The US received 72.5 percent of total outward remittances.
Other investments went to peso government securities, accounting for 12.9 percent of the total and other instruments at less than a percent. This represented a turnaround from the $459 million net outflows noted for the same period last year in the January to September period in 2021.