MANILA (XINHUA) – The Philippine central bank said yesterday the Philippines’ foreign investments yielded net outflows of USD86 million in August, compared to USD103 million in net outflows recorded in July.
“The USD86 million net outflows in August 2022 were a reversal from the USD12 million net inflows recorded in August 2021,” the Bangko Sentral ng Pilipinas (BSP) said, adding that in the first eight months this year, registered foreign investments yielded net inflows of USD539 million, a turnaround from the USD434 million net outflows noted in the same period in 2021.
The BSP said the top five investors for August came from Britain, the United States, China’s Hong Kong, Malaysia, and Luxembourg, with a combined share of 82.6 per cent.
The central bank added that it saw USD792 million in registered investments in August, marking a 16.3-per-cent increase compared to the amount in July.
