More investments left the Philippine economy in April compared to those that came in. (Adobe Stock photo)

April investment outflows leave year-to-date net just marginally positive — BSP

June 1, 2024
9:03AM PHT

More foreign investment funds were repatriated to their home countries compared to those that entered the Philippine economy in April, according to the latest data from the Bangko Sentral ng Philippines (BSP).

In a statement, the central bank said transactions on foreign investments registered with the BSP through authorized agent banks recorded net outflows of $312 million.

This stemmed from $1.2 billion in gross outflows against $914 million in gross inflows, exceeding March’s net outflows of $236 million.

Registered investments in April represented a 35.1% decrease from March’s $1.4 billion. Notably, 59.5% of these investments were in Philippine Stock Exchange-listed securities, primarily in banks, holding firms, and property sectors.

Year-to-date net inflows as of April stood at a marginally positive figure of 65 million, marking a significant recovery from the $680 million in net outflows in the same period last year.

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