Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Philippines>>Investment>>$51 million net 'hot money' entered PHL in April
NEWS UPDATES Asean Affairs     May 22, 2017  








$51 million net 'hot money' entered PHL in April
 
Foreign portfolio investment registered a net inflow of $51 million in April, primarily due to investor confidence in the country's growth potential, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

Central bank data showed the net inflow last month was a reversal from the net outflow of $460 million in March, $409 million in February and $354 million in May 2016.

"This development may be attributed to investor reaction to the World Bank's view that the Philippines will continue to be a top performer in the region, coupled with positive sentiment in anticipation of the country's strong gross domestic product number for the first quarter of 2017," the BSP said.

"Looks like investors saw the Philippine market positively last April compared with other markets," Asian Institute of Management Economics Professor Emmanuel Leyco told GMA News Online.

Foreign portfolio investment is also called hot money because of the ease by which the fund enters and exit markets.

Leyco noted portfolio investments are very liquid and can be withdrawn even within a day's trading based on fund managers' assessments of global financial risks or opportunities.

"Foreign direct investments would be more useful gauge in the evaluation foreign interests in the country as it is long term," he said.

The total hot money inflow of $1.320 billion last month was up 3.6 percent from $1.273 billion a year earlier, but down 3.9 percent from $1.373 billion in March.

The total outflow of $1.268 billion was down 22.1 percent from $1.627 billion a year earlier and by 30.8 percent from $1.833 billion in March.

The BSP noted the bulk or 67.8 percent of foreign portfolio investment was placed in shares traded on the Philippine Stock Exchange, mainly in banks, holding firms, property companies, telecommunications companies and food, beverage and tobacco firms.

Around 32 percent went to peso government securities and 0.2 percent to other peso debt instruments.

Malaysia, Singapore, Hong Kong, United Kingdom and United States were the top five investor countries last month, with a combined share-to-total of 81.7 percent. The US continued to be the main destination of outflows, receiving 75.7 percent of total remittances.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                          May 22, 2017 Subsribe Now !
• Bank Indonesia keeps rate unchanged at 4.75 percent Subcribe: Asean Affairs Global Magazine
• $51 million net 'hot money' entered PHL in April 
• MFI slowdown: real or illusory?
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Slow economy drags Philippine share prices lower
• VN boosts higher education, green growth cooperation with Belgium
Asean Analysis                  May 19,  2017
• Asean Analysis May 19, 2017
Economic Recommendations for the New Administration
Advertise Your Brand

Asean Stock Watch  May 19, 2017

• Asean Stock Watch-May 19, 2017
The Biweekly Update
• The Biweekly Update  May 12, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com