MANILA, Jul 28 (NNN-PNA) – The Philippines’ foreign investments yielded net inflows of one million U.S. dollars in June, after four consecutive months of net outflows, the Philippine central bank said, yesterday.
The Bangko Sentral ng Pilipinas (BSP), said, the country recorded 889 million dollars in gross inflows for the month, narrowly surpassing the gross outflows of 888 million dollars.
The net inflows of one million dollars in June is “an improvement” from the net outflows of 342 million dollars recorded for the same period a year ago, the BSP added.
The BSP said 78.7 percent of the registered investments in June were mainly in property, banks, holding firms, food, beverage and tobacco, and telecommunications.
The top five investor countries were Britain, the United States, Luxembourg, Singapore and Switzerland, with a combined share of 84.2 percent.– NNN-PNA
