Sat, 03 Jun 2023

MANILA, May 25 (Xinhua) -- The Philippines' foreign investments saw net outflows of 352 million U.S. dollars in April, the central bank said on Thursday.

"This is higher compared to the 70 million U.S. dollars net outflows recorded in March 2023 and a reversal compared to the 1.4 billion U.S. dollars net inflows recorded in April 2022," the Bangko Sentral ng Pilipinas (BSP) said.

Investments for the month mostly came from Britain, the United States, Singapore, Luxembourg and Norway, with a combined share of 84.1 percent.

From January to April, transactions for foreign investments registered with the BSP saw net outflows of 680 million dollars, a reversal of the 1.4 billion dollars net inflows noted for the same period last year, the BSP added.

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