Transactions on foreign investments registered with the BSP, through authorized agent banks, in April recorded net outflows of US$312 million resulting from the $1.2 billion gross outflows and $914 million gross inflows for the month. This is higher than the $236 million net outflows recorded in March.

The $914 million registered investments for the month are lower by $494 million (or by 35.1 percent) compared to the $1.4 billion recorded in March.

During the month, 59.5 percent of registered investments were in PSE-listed securities ($544 million) [most of which were investments made in: (a) banks; (b) holding firms; (c) property; (d) transportation services; and (e) food, beverage and tobacco] while the remaining 40.5 percent were in Peso government securities ($370 million). Investments for the month mostly came from the United States (US), the United Kingdom, Singapore, Luxembourg, and Hong Kong with combined share to total at 87.9 percent.

The $1.2 billion gross outflows for the month were lower by $418 million (or by 25.4 percent) compared to the gross outflows recorded for March ($1.6 billion). The US remains to be the top destination of outflows, receiving $527 million (or 43 percent) of total outward remittances.

Year-on-year, registered investments in April are higher than the $713 million recorded in April 2023 (by $201 million or 28.2 percent), while gross outflows increased by $161 million (or by 15.1 percent) vis-a-vis the gross outflows posted in April 2023 ($1.1 billion). The $312 million net outflows in April are smaller compared to the net outflows recorded for the same period a year ago ($ 352 million).

Year-to-date transactions (1 January to 30 April 2024) for foreign investments registered with the BSP, through authorized agent banks, yielded net inflows of $65 million, a turnaround compared to the $680 million net outflows noted for the same period last year (1 January to 30 April 2023). BSP