Foreign investment transactions registered with the BSP through banks in November 2022 recorded net inflows of $489 million or more than five times larger compared to the $83 million net inflows recorded a year ago.
The gain resulted from the $1.1 billion gross inflows and $566 million gross outflows for the month.
The $1.1 billion registered investments in November 2022 reflected a 63.6 percent (or by $410 million) increase compared to the $645 million registered in October 2022. The majority of investments or 55.1 percent registered were in PSE-listed securities mainly of banks, holding firms, property, food, beverage and tobacco, and telecommunications, while the remaining went to investments in peso government securities or 44.8 percent, and other instruments, less than 1 percent.
Investments for the month mostly came from the United Kingdom, United States, Netherlands, Luxembourg and Singapore, with a combined share to total at 83.5 percent.
Gain for year until Nov.
The $566 million gross outflows for the month were slightly larger by 0.8 percent or by $5 million than the $561 billion recorded in October 2022. The US received 71.7 percent of total outward remittances.
Year-on-year, registered investments in November 2022 decreased by 17.9 percent or by $230 million from the $1.3 billion recorded in November 2021, while gross outflows were also lower by 51.8 percent than the outflows recorded for the same period last year.
The $489 million net inflows in November 2022 were larger compared to the $110 million net inflows recorded in November 2021, according to BSP.