Philippines' foreign investments yield 86 mln USD net outflows in August

0 Comment(s)Print E-mail Xinhua, September 29, 2022
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MANILA, Sept. 29 (Xinhua) -- The Philippine central bank said Thursday that the Philippines' foreign investments yielded net outflows of 86 million U.S. dollars in August, compared to 103 million U.S. dollars in net outflows recorded in July.

"The 86 million U.S. dollar net outflows in August 2022 were a reversal from the 12 million U.S. dollar net inflows recorded in August 2021," the Bangko Sentral ng Pilipinas (BSP) said, adding that in the first eight months this year, registered foreign investments yielded net inflows of 539 million U.S. dollars, a turnaround from the 434 million U.S. dollar net outflows noted in the same period in 2021.

The BSP said the top five investors for August came from Britain, the United States, China's Hong Kong, Malaysia, and Luxembourg, with a combined share of 82.6 percent.

The central bank added that it saw 792 million U.S. dollars in registered investments in August, marking a 16.3 percent increase compared to the amount in July. Enditem

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