Transactions on foreign investments registered with the BSP, through authorized agent banks, in September recorded net outflows of $367 million, larger compared to the $86 million net outflows recorded in August.

This resulted from the $1.3 billion gross outflows and $892 million gross inflows for the month.

The $892 million registered investments in September reflected an increase of 12.7 percent (or by $100 million) compared to the $792 million registered in August.

Majority of investments (or 87.1 percent) registered were in PSE-listed securities (investments mainly in: (a) electricity, energy, power & water; (b) food, beverage & tobacco; (c) property; (d) banks; and (e) holding firms), while the remaining went to investments in Peso government securities (12.9 percent) and other instruments (less than 1 percent).

Investments for the month came from Singapore, the United Kingdom, United States (US), Luxembourg and British Virgin Islands with combined share to total at 79.9 percent.

The $1.3 billion gross outflows for the month were larger by 43.4 percent (or by $381 million) than the $878 million recorded in August. The US received 72.5 percent of total outward remittances.

Year-on-year, registered investments in September decreased by 25.0 percent (or by $297 million) from the $1.2 billion recorded in September 2021, while gross outflows were larger by 3.8 percent (or by $47 million) than the outflows recorded for the same period last year ($1.2 billion).

The $367 million net outflows in September were larger than the $24 million net outflows recorded in September 2021.

Year-to-date transactions (January 1 to September 30 2022) for foreign investments registered with the BSP, through authorized agent banks, yielded net inflows of $222 million, a turnaround from the $459 million net outflows noted for the same period last year (January 1 to September 30 2021). BSP