Transactions on foreign investments registered with the BSP through authorized agent banks in February resulted in net outflows of $531 million resulting from the $1.2 billion gross outflows and $680 million gross inflows for the month.

This compared to the net inflows recorded in January at $292 million.

The $680 million registered investments for the month are lower by 32.3 percent (or by $324 million) compared to the $1.0 billion recorded in January.

Majority of investments (or 79.6 percent) registered were in PSE-listed securities (investments mainly in banks, holding firms, property, food, beverage and tobacco and electricity, energy, power & water), while the remaining went to investments in Peso government securities (20.4 percent) and in other instruments (less than 1 percent).

The top five investor countries for the month were the United Kingdom, United States, Luxembourg, Hong Kong, and Singapore with combined share to total at 82.5 percent.

The $1.2 billion gross outflows for the month were higher by 70.2 percent (or by $499 million) compared to gross outflows recorded for January ($712 million). The US received 67.3 percent of total outward remittances.

Year-on-year, registered investments in February decreased by 28 percent (or by $265 million) from the $945 million recorded in February 2022, while gross outflows were larger by 80.7 percent (or by $541 million) than the outflows recorded a year ago (S$670 million).

The $531 million net outflows in February are a reversal compared to the $274 million net outflows recorded for the same period a year ago.

Year-to-date transactions (January 1 to February 28) for foreign investments registered with the BSP, through authorized agent banks, yielded net outflows of $239 million, a turnaround from the $289 million net inflows noted for the same period last year (January 1 to February 28, 2022). BSP