Short-term investments made by foreign investors rebounded in October after five consecutive months of decline, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Know more:
SHORT-TERM investments made by foreign investors rebounded in October after five consecutive months of decline, the Bangko Sentral ng Pilipinas reported on Thursday.
“This resulted from the $645 million gross inflows and $561 million gross outflows for the month,” BSP said in a statement. BSP said these investments were mainly in property; banks; holding firms; food, beverage and tobacco; and telecommunications. Meanwhile, year-on-year, registered investments in October 2022 decreased by 32.1 percent or by $305 million from the $950 million recorded in October 2021.
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