The central bank-registered foreign portfolio investments in March registered a net outflow of $305 million, reversing February’s net inflow of $274 million.
Compared to March 2021, the $305 million net outflows is smaller than the $541 million net outflows at the time.
The BSP on Thursday, April 28, said about 86.7 percent of inflows were invested in listed securities at the stock market, mainly in sectors such as holding firms, property, banks, food/beverage/tobacco, and transportation services.In March, the top investor countries were the United Kingdom, US, Luxembourg, Singapore and Hong Kong.The US continue to receive bulk of outflows or withdrawn funds at 80.3 percent of total remittances.
For this year, the BSP is projecting hot money net inflows of $4 billion. For 2023, the expectation is higher at $6.7 billion.
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