Philippines' 2010 net portfolio inflows at 7-yr high
Yahoo! News
* 2010 inflow at $4.6 bln vs $388 mln a yr earlier
MANILA, Jan 20 - The Philippine central bank on Thursday released data on net foreign portfolio investments in Dec:
Dec Nov Oct Sept Aug July Net flows 428 1,673 1,089 494 225 14
KEY POINTS:
- Gross foreign portfolio inflows last month totalled $1.4 billion and gross outflows were $973 million.
- For the whole of 2010, the Philippines had net portfolio inflows of $4.6 billion, almost 12 times the $388 million net inflow in 2009, and the highest for the past seven years.
- The United States, Singapore, the United Kingdom, Luxembourg and Hong Kong accounted for 81.7 percent of portfolio investments in 2010.
- Investments in the stock market in 2010 reached $8.5 billion, up 75 percent from a year ago, and accounting for 65 percent of the $13 billion investments registered with the central bank. The balance was in local currency government debt and time deposits.
- Registered investments in 2010 were more than double the year-ago level. Registration of foreign investments with the central bank is voluntary, but is required if investors want to buy foreign currency to be sent out of the country.
LINKS:
- For details, click on central bank website: http://www.bsp.gov.ph
MANILA, Jan 20 - The Philippine central bank on Thursday released data on net foreign portfolio investments in Dec:
Dec Nov Oct Sept Aug July Net flows 428 1,673 1,089 494 225 14
KEY POINTS:
- Gross foreign portfolio inflows last month totalled $1.4 billion and gross outflows were $973 million.
- For the whole of 2010, the Philippines had net portfolio inflows of $4.6 billion, almost 12 times the $388 million net inflow in 2009, and the highest for the past seven years.
- The United States, Singapore, the United Kingdom, Luxembourg and Hong Kong accounted for 81.7 percent of portfolio investments in 2010.
- Investments in the stock market in 2010 reached $8.5 billion, up 75 percent from a year ago, and accounting for 65 percent of the $13 billion investments registered with the central bank. The balance was in local currency government debt and time deposits.
- Registered investments in 2010 were more than double the year-ago level. Registration of foreign investments with the central bank is voluntary, but is required if investors want to buy foreign currency to be sent out of the country.
LINKS:
- For details, click on central bank website: http://www.bsp.gov.ph
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