MANILA (XINHUA) – The Philippines’ foreign investments yielded net outflows of USD312 million in April, the Philippine Central Bank said on Friday.
The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in April, higher than the USD236 million net outflows recorded in March, resulted from the USD1.2 billion in gross outflows and USD914 million in gross inflows for the month.
In the first four months this year, transactions for foreign investments registered with the BSP yielded net inflows of USD65 million, a turnaround compared to the USD680 million net outflows recorded for the same period in 2023, the BSP said.
The USD914 million foreign investments in April are 35.1 per cent lower than the USD1.4 billion recorded in March, the central bank added. Investments mostly came from the United States (US), Britain, Singapore, Luxembourg and Hong Kong, with a combined share of 87.9 per cent.
