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Full-year investment flows in PH still in the red even after push from IT firm’s IPO

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So-called hot money investments in the Philippines yielded net inflows of $439 million in October after seven straight months of net outflows that started in March, according to BSP. | daxINQ

The $1.4 billion registered investments for October is 127.8 percent higher than the $594 million recorded in September, an increment of $759 million.

Outflows for October of $913 million were lower compared to the level recorded for September—$1.1 billion—by 16 percent or by $174 million.Foreign portfolio investment transactions from January to October 2020 yielded net outflows of $3.9 billion resulting from the $12.9 billion gross outflows and $9 billion gross inflows for the period.The BSP said it was higher than the $1.2 billion in net outflows recorded in the same period in 2019.

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