{"id":14790,"date":"2014-06-12T17:58:48","date_gmt":"2014-06-12T09:58:48","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=14790"},"modified":"2014-06-12T17:58:48","modified_gmt":"2014-06-12T09:58:48","slug":"foreign-portfolio-investments-reach-545-m","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/12\/foreign-portfolio-investments-reach-545-m\/","title":{"rendered":"Foreign portfolio investments reach $545 M"},"content":{"rendered":"
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MANILA —\u00a0‘Hot money’ or the foreign portfolio investment of the country reached a net flow of\u00a0\u00a0$545.08 million in May, according to a Banko Sentral ng Pilipinas (BSP) report yesterday.\u00a0<\/span><\/p>\n

This year’s net inflow record is a complete “turnaround,” from\u00a0$640.84 million recorded in the same period last year, attributed to positive quarterly corporate results.<\/span><\/p>\n

The central bank also added that the reversal is also because of the strong confidence developed by the investors in the country’s economy.<\/p>\n

Investments in peso-dominated government securities reached 20 percent while four percent went to peso-dominated time deposits.<\/p>\n

Among the country’s top five investors are the United Kingdom, Singapore, the United States, which remains as the main destination of outflows, and Luxembourg.<\/p>\n

The first five months of the year has registered a foreign portfolio investment net outflow of\u00a0$1.42 billion.<\/span><\/p>\n

This figure for the first five months also indicates a reversal of the net inflow of $1.58 billion in the same period last year.<\/span><\/p>\n

The central bank also said that portfolio investments in May went to\u00a0Philippine Stock Exchange-listed securities, primarily to property companies; banks; holding firms; food, beverage and tobacco firms; and telecommunication firms.<\/span><\/p>\n

With reports from Philippine Star<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA —\u00a0‘Hot money’ or the foreign portfolio investment of the country reached a net flow of\u00a0\u00a0$545.08 million in May, according …<\/p>\n","protected":false},"author":44,"featured_media":10520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[5160,5161],"class_list":["post-14790","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ph","tag-foreign-investment","tag-hot-money-net-inflow","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/14790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=14790"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/14790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10520"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=14790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=14790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=14790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}