Wednesday 20 June
Powered by Ajaxy
May 19, 2018 @ 13:39

UK, US biggest sources of investments in April


April hot money flows remained positive for the second straight month.

Foreign portfolio investments reached $279 million last month, more than five times the $51.5 million recorded in April 2017, according to the Bangko Sentral ng Pilipinas (BSP).

The surge came as registered investments amounted to $1.4 billion versus outflows worth $1.1 billion.

“About 82.2 percent of investments registered during the month were in PSE-listed securities (pertaining mainly to banks, holding firms, property companies, food, beverage and tobacco firms, and retail companies), while the balance went to peso government securities,” the BSP said in a statement.

The United Kingdom, United States, Hong Kong, Singapore, and Luxembourg were the biggest sources of foreign funds, accounting for 76.6 percent of the total inflows.

Bulk of the outflows went to the US.

Year-to-date hot money investments settled at a $1.2-billion net inflow.

Tags: , , , , , , , , , , , , , , , ,

Related Stories
China has more to lose than the United States in the two nations' burgeoning trade
The United States on Tuesday said it was imposing steep import duties on Chinese imports
America's new protectionist trade policies make good on President Donald Trump's campaign pledges but come
Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.