Transactions on foreign investments registered with the BSP, through authorized agent banks, in March recorded net outflows of $236 million resulting from the $1.6 billion gross outflows and $1.4 billion gross inflows for the month.

This is a reversal from the $689 million net inflows recorded in February 2024.

The $1.4 billion registered investments for the month are lower by $140 million (or by 9.1 percent) compared to the $1.5 billion recorded in February.

During the month, 56.7 percent of registered investments were in PSE-listed securities ($798 million) [most of which were investments made in: banks, holding firms, property, transportation services; and food, beverage and tobacco].

The remaining 43.3 percent were in in Peso government securities ($610 million). Investments for the month mostly came from the United Kingdom, Singapore, United States (US), Switzerland, and Luxembourg with combined share to total at 83.6 percent.

The $1.6 billion gross outflows for the month were higher by $785 million (or by 91.4 percent) compared to the gross outflows recorded for February ($859 million).

The US remains to be the top destination of outflows, receiving $887 million (or 53.9 percent) of total outward remittances.

Year-on-year, registered investments in March are higher than the $1.3 billion recorded in March 2023 (or by $152 million or 12.1 percent), while gross outflows increased by $318 million (or by 24 percent) vis-a-vis the gross outflows posted in March 2023 ($1.3 billion).

The $236 million net outflows in March are larger compared to the net outflows recorded for the same period a year ago ($70 million).

Year-to-date transactions (January 1 to March 31, 2024) for foreign investments registered with the BSP, through authorized agent banks, yielded net inflows of $377 million, a turnaround compared to the $328 million net outflows noted for the same period last year (January 1 to March 31, 2023). BSP