Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas (BSP), through authorized agent banks, in April recorded net outflows of $352 million, resulting from gross outflows of $1.1 billion and gross inflows of $713 million.

This is higher compared to the net outflows recorded in March ($70 million) and a reversal compared to the net inflows recorded in April 2022 ($1.4 billion).

The $713 million registered investments for the month are lower by 43.2 percent (or by $543 million) compared to the US$1.3 billion recorded in March.

Majority of registered investments (or 57.3 percent) were in PSE-listed securities (investments mainly in banks, holding firms, property, food, beverage and tobacco and transportation services), while the remaining were in Peso government securities (42.7 percent) and in other instruments [less than one (1) percent].

The top five investor countries for the month were the United Kingdom, United States (US), Singapore, Luxembourg and Norway with combined share to total at 84.1 percent.

The $1.1 billion gross outflows for the month are lower by 19.7 percent (or by $261 million) compared to those recorded in March ($1.3 billion). The US received 70.9 percent of total outward remittances.

Year-on-year, registered investments in April are lower than the $2.2 billion recorded in April 2022 (by 68 percent or by $1.5 billion), while gross outflows are higher by 29.3 percent (or by $241 million) vis-a-vis the gross outflows recorded for April 2022 ($823 million).

The $352 million net outflows in April are a reversal of the $1.4 billion net inflows recorded for the same period a year ago.

Year-to-date transactions (January 1 to April 30 2023) for foreign investments registered with the BSP, through AABs, yielded net outflows of $680 million which is a reversal of the $1.4 billion net inflows noted for the same period last year ( January 1 to April 30 2022). BSP