According to the BSP, the $1.2 billion registered investments in January reflected a 10.9-percent increase from the $1.1 billion figure in December 2019.
About 65.9 percent of investments registered during the month were in Philippine Stock Exchange-listed securities, pertaining mainly to property companies, holding firms, banks, food, beverage and tobacco firms, and telecommunication companies.The United Kingdom, United States, Singapore, Luxembourg and Hong Kong were the top five investor countries for the month, with a combined share of 79 percent.
Outflows for January 2020 of $1.7 billion were higher compared to the level recorded for December 2019 of $1.4 billion, or by 20 percent. The United States received 62.1 percent of total outflows. Year-on-year, registered investments were 40.1 percent lower than the $2.1 billion level recorded in January 2019, while gross outflows were higher than the outflows recorded a year ago of $1.3 billion—a decline of 32.5 percent.ADVERTISEMENT
Registration of inward foreign investments with the BSP is optional under the liberalized rules on foreign exchange transactions. Registration entitles the investor or his representative to buy foreign exchange from authorized agent banks or their subsidiary/affiliate foreign exchange corporations for repatriation of capital and remittance of earnings that accrue on the registered investment.
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