The Philippines experienced a $43M net inflow of foreign investments in May, reversing April's $312M outflows.
The Philippines' foreign investments saw net inflows of $43 million in May, according to the Bangko Sentral ng Pilipinas (BSP). This marked a reversal from the $312 million net outflows in April, with May's registered investments increasing by 15.2% from the previous month. The majority of investments were in banks, holding firms, property, transportation services, and mining, while the largest contributors were the UK, US, Singapore, Luxembourg, and Norway.
June 28, 2024
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