Fri, 03 Feb 2023

MANILA, Nov. 24 (Xinhua) -- The Philippines' foreign investments yielded net inflows of 83 million U.S. dollars, a reversal from the 367 million U.S. dollars net outflows in September, the Philippine central bank said Thursday.

"The 83 million U.S. dollars net inflows in October 2022 were a reversal from the 221 million U.S. dollars net outflows recorded in October 2021," the Bangko Sentral ng Pilipinas (BSP) said, adding that in the first 10 months this year, registered foreign investments yielded net inflows of 305 million U.S. dollars, a turnaround from the 680 million U.S. dollars net outflows noted in the same period in 2021.

The BSP said the top five investors for October came from Britain, the United States, Singapore, Luxembourg, and China's Hong Kong, with a combined share of 84.4 percent.

The central bank added that it saw 645 million U.S. dollars in registered investments in October, marking a 27.7 percent decrease compared to the amount in September.

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