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Foreign Portfolio Investments Post Net Inflow in October 2010

11.11.2010

October  2010 Transactions

Transactions in foreign portfolio investments for the month of October 2010 yielded a net inflow of US$1 billion or more than double the US$494 million in September 2010 and eight (8) times  the US$129 million  figure a year ago (October 2009).

Registration of foreign investments with the BSP is voluntary. It entitles the non-resident investor or his representative to buy foreign exchange from authorized agent banks or their subsidiary/affiliate foreign exchange corporations for repatriation of capital and remittance of related earnings.

January to October 2010 Transactions

For the first 10 months of the year, transactions resulted in a net inflow of US$2.5 billion, reflecting a 587 percent increase from the US$358 million recorded in 2009. 

Registered investments aggregated US$8.9 billion, 64 percent higher than last year’s US$5.4 billion. Of these, US$6.6 billion were investments in Philippine Stock Exchange (PSE) listed shares compared to US$4.2 billion  last year. Major beneficiaries were property companies and banks (US$1.4 billion each); holding firms (US$1.2 billion); telecommunication companies (US$1.1 billion); and utility firms (US$683 million).

The US$2.3 billion balance of registered investments were in: (a) Peso-denominated government securities (20 percent); and (b) Peso time deposits and money market instruments [five (5 percent)].

The United States, the United Kingdom, Singapore, Luxembourg and Hong Kong were the top five (5) investor countries, contributing 79 percent to total registered investments. 

Year-to-date outflows amounted to US$6.5 billion, compared to US$5.1 billion in 2009.

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