Foreign portfolio investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized agent banks recorded net inflows of $96.59 million in November 2024, a reversal from the $529.68-million net outflows in October.
The BSP said the 11-month foreign portfolio investments or hot money yielded net inflows of $2.59 billion, a marked improvement compared to the $43.66-million net outflows recorded in the same period last year.
The $1.86 billion registered investments in November went up by 25.8 percent from $1.479 billion in October.
Data show that 71.4 percent of registered investments were in in peso government securities ($1.329.70 billion), with the remaining 28.6 percent in PSE-listed securities ($531.71 million) in November.
Investments in November mostly came from the United Kingdom, Singapore, the United States, Luxembourg and Norway with combined share to total at 90 percent.
The $1.76 billion gross outflows in November were lower by 12.2 percent from $2 billion in October. The US remained to be the top destination of outflows, receiving $914.20 million of total outward remittances.
The BSP said that year-on-year, the registered investments in November 2024 amounted to $1.86 billion, up by 18.2 percent from $1.57 billion recorded in November 2023, while gross outflows increased by 95.4 percent from $903.10 million.
The net inflows of $96.59 million in November 2024 were lower by 85.6 percent than $671.77 million a year ago.
