Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas, through authorized agent banks, in May recorded net inflows of $43 million resulting from the $1.1 billion gross inflows and the $1.0 billion gross outflows for the month. This is a reversal from the $312 million net outflows posted in April.

The $1.1 billion registered investments for the month are higher by $139 million (or by 15.2 percent) compared to the $914 million recorded in April.

During the month, 65 percent of registered investments were in PSE-listed securities ($685 million) [most of which were investments made in: (a) banks; (b) holding firms; (c) property; (d) transportation services; and (e) mining], with 35 percent in Peso government securities (US$368 million) and the remaining [less than one percent] were in other instruments.

Investments for the month mostly came from the United Kingdom; the United States (US); Singapore; Luxembourg; and Norway with combined share to total at 86.1 percent.

The $1 billion gross outflows for the month were lower by $216 million (or by 17.6 percent) compared to the gross outflows recorded for April (US$1.2 billion). The US remains to be the top destination of outflows, receiving $575 million (or 57 percent) of total outward remittances.

Year-on-year, registered investments in May are higher than the $845 million recorded in May 2023 (by $208 million or 24.6 percent), while gross outflows increased by $41 million (or by 4.2 percent) vis-a-vis the gross outflows recorded for May 2023 ($969 million).

The $43 million net inflows for May were an improvement from the $124 million net outflows recorded for the same period a year ago.

Year-to-date transactions (January 1 to May 31 2024) for foreign investments registered with the BSP, through authorized agent banks, yielded net inflows of $108 million, a turnaround from the $805 million net outflows noted for the same period in the previous year (January 1 to May 31 2023). BSP