MANILA, Nov. 30 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 529.68 million U.S. dollars in October, the Philippine central bank has said.
The net outflows in October resulted from 2.009 billion dollars in gross inflows and 1.479 billion dollars in gross outflows. The recorded net outflows are a reversal from the 1.025-billion-dollar net inflows posted in September, said the Bangko Sentral ng Pilipinas (BSP) in a statement released on late Friday.
The BSP said the majority of investments for the month came from Britain, Singapore, the United States, Luxembourg, and Malaysia, with a combined share of 87.8 percent.
Registered investments in October 2024 are 55.1 percent higher than the 954.38 million dollars recorded in October 2023, while gross outflows increased by 56.7 percent compared to last year.
The BSP said the first 10 months' transactions for foreign investments registered with the BSP yielded net inflows of 2.494 billion dollars, a marked improvement compared to the 715.43 million dollars net outflows noted for the same period in 2023. ■
