Foreign portfolio investments increased in July, according to latest data from the Bangko Sentral ng Pilipinas .
July saw net income of $15 million, a sharp recovery form the $35 million lost in the same month last year.When it came to total investments, other countries poured in approximately $1.7 billion, a 19 percent increase from the $1.4 billion recorded for the same month last year. Around 76.5 percent of these investments went to securities in the Philippine Stock Exchange, while the remaining 23.5 percent went to government securities.
Top investor economies for that month are the United Kingdom, Hong Kong, the United States, Norway and Malaysia, which had a combined share of 75.6 percent of the investments. Meanwhile, an almost equal amount of investments were pulled out from the country, 15 percent more than the $1.4 billion withdrawn the same month last year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At least 201 killed in July-August China floodingBEIJING — At least 201 people have been killed and 63 are missing following flooding across China in July and August, according to government rescue services.
Source: manilabulletin - 🏆 25. / 51 Read more »
Agency tallies P313-B investment pledges as of July, up 24% on-yearCommitted investments registered with the Philippine Board of Investments (BOI) reached P312.8 billion from January to July this year, reflecting a 24 percent increase from the same period last year.
Source: manilabulletin - 🏆 25. / 51 Read more »
At least 201 killed in July-August China floodingBEIJING — At least 201 people have been killed and 63 are missing following flooding across China in July and August, according to government rescue services.
Source: manilabulletin - 🏆 25. / 51 Read more »
Agency tallies P313-B investment pledges as of July, up 24% on-yearCommitted investments registered with the Philippine Board of Investments (BOI) reached P312.8 billion from January to July this year, reflecting a 24 percent increase from the same period last year.
Source: manilabulletin - 🏆 25. / 51 Read more »
FIBA World Cup: Guiao names six shoo-ins for 'Gilas 12'Philippine national men's basketball team head coach Yeng Guiao has revealed six of the 12 players who will represent the country in the upcoming FIBAWC.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Money, muscle, media: how China has handled Hong Kong protests
Source: ANCALERTS - 🏆 26. / 50 Read more »