MANILA – Foreign portfolio investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized banks recorded net inflows of USD43 million in May this year.
BSP data released on Friday showed that the net inflows during the month resulted from the USD1.1 billion gross inflows and the USD1.0 billion gross outflows for the month.
The net inflow in May was also a reversal from the USD312 million net outflows posted in April 2024.
Foreign portfolio investments are also called hot money due to the speed with which they come in and out of the economy.
The BSP said the USD1.1 billion registered investments for the month rose by 15.2 percent from the USD914 million recorded in April 2024.
During the month, 65.0 percent of registered investments were in Philippine Stock Exchange-listed securities, most of which were investments made in banks, holding firms, property, transportation services and mining.
The 35.0 percent were in peso government securities while the remaining less than one percent were in other instruments.
Investments for the month mostly came from the United Kingdom, the United States, Singapore, Luxembourg and Norway.
Gross outflows, meanwhile, declined by 17.6 percent compared to the USD1.2 billion outflows in April.
For the first five months of the year, hot money yielded net inflows of USD108 million, a turnaround from the USD805 million net outflows noted for the same period in the previous year. (PNA)
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