Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas (BSP), through AABs (authorized agent banks), in January recorded net inflows of $292 million, an improvement of $199 million from the $93 million net inflows recorded in December 2022.

This resulted from the $1.0 billion gross inflows and$712 million gross outflows for the month.

The $1.0 billion registered investments in January reflected a decrease of 8.1 percent (or by $88 million) compared to the $1.1 billion registered in December 2022.

Majority of investments (or 62.8 percent) registered were in PSE-listed securities (investments mainly in banks, holding firms, property, food, beverage & tobacco, and electricity, energy, power & water).

The remaining went to investments in Peso government securities (37.2 percent) and in other instruments (less than 1 percent). Investments for the month mostly came from the United Kingdom, United States, Singapore, Luxembourg and Hong Kong, with combined share to total at 83.8 percent.

The $712 million gross outflows for the month were lower by 28.8 percent (or by $287 million) than the $999 million recorded in December 2022. The US received 69.4 percent of total outward remittances.

Year-on-year, registered investments in January increased by 37.3 percent (or by $272 million) from the $731 million recorded in January 2022, while gross outflows is slightly lower by 0.7 percent (or by $5 million) than the outflows recorded for the same period last year ($717 million).

The $292 million net inflows in January is about 20 times larger compared to the $15 million net inflows recorded in January 2022. BSP