Short-term foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) posted higher net inflows in January despite less money coming in.
Data released by the central bank showed that foreign investments registered with authorized agent banks posted a net inflow of $291.12 million in January, higher than the $92.95 million registered in December and $14.60 million in the same month last year.
These investments were mainly in banks, holding firms, property, food, beverage, and tobacco, and electricity, energy, power, and water. "Investments for the month mostly came from the United Kingdom, United States, Singapore, Luxembourg, and Hong Kong, with a combined share of 83.8%," the BSP said in a statement.
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