Philippines' foreign investments yield 292 mln USD net inflows in January

MANILA, Feb. 23 (Xinhua) — The Philippines’ foreign investments yielded net inflows of 292 million U.S. dollars in January, higher than the 93 million dollars in net inflows recorded in December 2022, the Philippine central bank said Thursday.

The Bangko Sentral ng Pilipinas (BSP) said the January figure is about 20 times larger compared to the 15 million dollars in net inflows recorded in January 2022. Year-to-date net inflows amounted to 316 million dollars.

According to BSP, investments for January mostly came from Britain, the United States, Singapore, Luxembourg, and China’s Hong Kong, with a combined share of 83.8 percent.

The central bank added that it saw 1 billion dollars in registered investments in January, reflecting a decrease of 8.1 percent compared to the amount in December 2022. Registered investments in January this year increased by 37.3 percent year on year.