Transactions on foreign investments registered with the BSP, through AABs, in November 2023 recorded net inflows of $673 million resulting from the $1.6 billion gross inflows and the $902 million gross outflows for the month.
The recorded net inflows are a reversal of the net outflows posted in October 2023 amounting to $328 million.
The $1.6 billion registered investments for the month are higher by $620 million compared to the $954 million recorded in October 2023.
During the month, 71.4 percent of registered investments were in Peso government securities, while about 28.6 percent were in PSE-listed securities
Investments for the month mostly came from the United Kingdom, Singapore, United States, Luxembourg, and Hongkong with combined share to total at 91.9 percent.
The $902 million gross outflows for the month were lower by $381 million compared to the gross outflows recorded for October 2023. The US remains to be the top destination of outflows, receiving $529 million of total outward remittances.
On a year-on-year basis, registered investments in November 2023 are higher by $520 million than the $1.1 billion recorded in November 2022. Similarly, gross outflows increased by $336 million vis-í -vis the gross outflows posted in November 2022 worth $566 million.
The $673 million net inflows in November 2023 were also larger by $184 million than the $489 million net inflows recorded for the same period a year ago.
Year-to-date transactions for foreign investments registered with the BSP, through AABs, yielded net outflows of $42 million which were a reversal compared to the $794 million net inflows noted for the same period last year.
