Portfolio investment transactions for the month of May yielded net inflows of $106 million, according to the Bangko Sentral ng Pilipinas (BSP).
The BSP said the figure was 68.1 percent lower than the $333 million recorded a month ago.
Registered investments were almost at the same level as April at $1.5 billion due largely to several initial public offerings by Bloomberry Resorts Corp., Rockwell Land Corp., East West Banking Corp. and Calata Corp.
Outflows, on the other hand, rose to $1.4 billion (or by 23.9 percent) from last month’s level due to growing concerns about Greece and Spain.
The main beneficiaries of investments in PSE-listed shares were: holding firms ($337 million); diversified industrials ($228 million); banks ($183 million); property companies ($138 million); and telecommunication firms ($109 million).
The United States, the United Kingdom, Hong Kong, Luxembourg and Singapore were the top five investor countries for the month.
The United States continued to be the main beneficiary of outflows from investments.
Registration of inward foreign investments with the BSP is voluntary.
It entitles the investor or his representative to buy foreign exchange from authorized agent banks and/or their subsidiary/affiliate foreign exchange corporations for repatriation of capital and remittance of dividends/profits/earnings that accrue on the registered investment.
Portfolio investment deals decline in May
- Written by Aileen Lor
- Monday, 18 June 2012 19:43
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