In a statement, the BSP attributed the turnaround to $1.1 billion in gross inflows, surpassing the $1.0 billion in gross outflows for the month.
This marked a significant reversal from April 2024, which saw $312 million in net outflows.
The Philippine Stock Exchange (PSE) was a major beneficiary of the funds, attracting 65% of registered investments, amounting to $685 million. The key sectors drawing investments included banks, holding firms, property, transportation services, and mining.
Additionally, 35% of investments were directed towards peso-denominated government bonds.
The gross inflows in May were higher by 15.2% compared to April, while gross outflows decreased by 17.6%.
Major investment sources included the United Kingdom, the United States, Singapore, Luxembourg, and Norway, collectively contributing 86.1% of the total inflows.
Year-to-date, foreign investments have shown a positive net inflow of $108 million, in contrast with the $805 million net outflows during the same period in 2023.
