Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized agent banks in July recorded net outflows of $103 million, lower compared to the $342 million net outflows recorded in June.

This resulted from the $784 million gross outflows and $681 million gross inflows for the month.

The $681 million registered investments in July reflected a decrease of 34.5 percent (or by $358 million) compared to the $1.0 billion recorded in June.

Majority of investments (or 64.8 percent) registered were in PSE-listed securities (investments mainly in holding firms; food, beverage and tobacco; property; banks; and transportation services), while the remaining went to investments in Peso government securities (35.2 percent). Investments for the month mostly came from the United Kingdom; United States (US); Singapore; Hong Kong; and Luxembourg with combined share to total at 84.7 percent.

The $784 million gross outflows for the month were lower by 43.2 percent (or by $597 million) than the $1.4 billion recorded in June. The US received 66.1 percent of total outward remittances.

Year-on-year, registered investments in July decreased by 6.7 percent (or by $49 million) from the $730 million recorded in July 2021, while gross outflows were smaller by 26.7 percent (or by $286 million) than the outflows recorded for the same period last year ($1.1 billion).

The $103 million net outflows in July were smaller compared to the $340 million net outflows recorded in July 2021.

Year-to-date transactions (January 1 to July 31 2022) for foreign investments registered with the BSP, through authorized agent banks yielded net inflows of $625 million, a turnaround from the $446 million net outflows noted for the same period last year (January 1 to July 31 2021). BSP