Manila – The Philippines recorded net inflows of USD43 million in foreign portfolio investments in May, marking a significant reversal from the net outflows experienced in April.
According to Philippines News Agency, these net inflows were the result of USD1.1 billion in gross inflows and USD1.0 billion in gross outflows during the month. This performance represents an improvement from the USD312 million net outflows in April 2024. Investments were primarily in securities listed on the Philippine Stock Exchange, notably in banks, holding firms, property, transportation services, and mining, accounting for 65.0 percent of the total. The remaining 35.0 percent were in peso government securities, with less than one percent in other instruments. The bulk of investments originated from the United Kingdom, the United States, Singapore, Luxembourg, and Norway, with gross outflows seeing a 17.6 percent decrease from April. Overall, for the first five months of the year, hot money yielded net inflows of USD108 million, contrasting sharply with the USD805 million net outflows recorded over the same period the previous year.