June 19, 2018, 4:33 pm
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Hot money posts net inflows in April

Registered investments for the month of April 2018 amounted to $1.4 billion, reflecting a 4.2 percent increase from $1.3 billion a year ago. 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 United Kingdom, the United States (US), Hong Kong, Singapore, and Luxembourg were the top five (5) investor countries for the month, with combined share to total at 76.6 percent. Meanwhile, outflows for the month amounting $1.1 billion were lower by 18.0 percent and 13.6 percent, respectively, compared to those recorded in March 2018 at $1.34 billion and a year ago at $1.27 billion. The US continued to be the main destination of outflows, receiving 74.5 percent of total remittances. On the overall, transactions for the month yielded net inflows of $279 million, reflecting an improvement from the $51 million recorded for the same period last year.
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