BSP foreign investment drops 47.9% in 2020

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The Philippines’ international investment position in 2020 improved to a net external liability of $20.2 billion, the Bangko Sentral ng Pilipinas said.

According to the BSP, the 2020 IIP external liability translates to a 47.9 percent improvement from the 2019 liability of $38.8 billion.

Compared to the previous quarter’s $10.6 billion , the net external liability position went up by 90.3 percent. In the meantime the external financial liabilities increased by 8.4 percent year-on-year due primarily to the National Government’s foreign borrowings via issuance of debt securities and other foreign loans.

According to the BSP, the positive revaluation adjustments in FPI and FDI were seen in the peso appreciation and the moderate rebound in the trading of listed shares during the months of October to December last year. Sentiments improved with the gradual reopening of the economy and the start of the COVID-19 vaccine rollout around the world.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I have been seeing post everywhere and a lot of people keep saying reach out to him, and eventually I did and it turned out to be legit I invested $500 and received $5650 in 5days. Contact her via the link below earn_with_bryan

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines