Transactions on foreign investments registered with the BSP, through authorized agent banks, in April 2024 recorded net outflows of $312 million resulting from the $1.2 billion gross outflows and $914 million gross inflows for the month.
This is higher than the $236 million net outflows recorded in March 2024.
The $914 million registered investments for the month are lower by $494 million compared to the $1.4 billion recorded in March 2024.
During the month, 59.5 percent of registered investments were in PSE-listed securities most of which were investments made in banks; holding firms; property; transportation services; and food, beverage and tobacco.
The remaining 40.5 percent were in Peso government securities.
Investments for the month mostly came from the United States, the United Kingdom, Singapore, Luxembourg, and Hong Kong with combined share to total at 87.9 percent.
The $1.2 billion gross outflows for the month were lower by $418 million compared to the gross outflows recorded for March. The US remains to be the top destination of outflows, receiving $527 million of total outward remittances.
Year-on-year, registered investments in April 2024 are higher than the $713 million recorded in April 2023, while gross outflows increased by $161 million vis-í -vis the gross outflows posted in April 2023. The $312 million net outflows in April 2024 are smaller compared to the net outflows recorded for the same period a year ago.
Year-to-date transactions for foreign investments registered with the BSP, through authorized agent banks, yielded net inflows of $65 million, a turnaround compared to the $680 million net outflows noted for the same period last year.
