Transactions on foreign investments registered with the BSP, through authorized agent banks, in October recorded net outflows of $529.68 million resulting from the $2,009.55 million gross outflows and the gross inflows of $1,479.87 million for the month.

The recorded net outflows are a reversal from the $1,025.77 million net inflows posted in September.

The $1,479.87 million registered investments for the month are lower by $1,051.96 million (or by 41.5 percent) compared to the gross inflows recorded in September ($2,531.83 million).

During the month, 54.5 percent of registered investments were in PSE-listed securities ($807.08 million) [most of which were investments in: (a) banks; (b) holding firms; (c) transportation services; (d) property; and (e) food, beverage & tobacco] with the remaining 45.5 percent in Peso government securities ($672.79 million). Investments for the month mostly came from: the United Kingdom; Singapore; the United States; Luxembourg; and Malaysia with combined share to total at 87.8 percent.

The $2,009.55 million gross outflows for the month are higher by $503.49 million (or by 33.4 percent) compared to the $1,506.06 million recorded in September.

The US remains to be the top destination of outflows, receiving $889.06 million (or 44.2 percent) of total outward remittances.

Year-on-year, the registered investments in October amounting to $1,479.87 million are higher by $525.49 million (or by 55.1 percent) than the $954.38 million recorded in October 2023, while gross outflows increased by $726.98 million (or by 56.7 percent) vis-a-vis the gross outflows recorded for October 2023 ($1,282.57 million).

The net outflows of $529.68 million for October are higher by S$201.49 million (or by 61.4 percent) compared to the net outflows recorded for the same period a year ago (US$328.19 million). Bangko Sentral ng Pilipinas

Year-to-date transactions (January 1 to October 31 2024) for foreign investments registered with the BSP, through authorized agent banks, yielded net inflows of $2,494.12 million, a marked improvement compared to the $715.43 million net outflows noted for the same period last year (January 1 to October 31 2023). Bangko Sentral ng Pilipinas