Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Investment  >>   Hot money surges in Philippines
NEWS UPDATES Asean Affairs        13  May 2011

Hot money surges in Philippines

Related Stories
May 9, 2011

Philippine cabinet approves investments

April 13, 2011
FDI starts 2011 strong in Philippines

March 29, 2011
Philippines investment is not popular

March  19, 2011
Philippines suffers February net outflows

March  11, 2011
Philippines expects Middle Eastern investments

Foreign portfolio investments (FPI) registered net inflows last month amid the Philippines’ favorable credit conditions, the Philippine central bank said on Thursday.

In a statement, the Bangko Sentral ng Pilipinas (BSP) said hot money yielded a net inflow of $674 million in April, up 174.6 percent from the $245 million in March and 220.7 percent more than the $210 million in April 2010.

BSP Governor Amando Tetangco Jr. attributed the strong inflows to the surge in investments in government’s fixed-income peso securities.

Registered investments reached $1.7 billion, up from March’s $1.6 billion and 51.7 percent more than last year.

“The four weeks of April were characterized by positive flows except for the third week [Holy Week] when investors resorted to profit-taking in anticipation of the four-day weekend,” Tetangco said.

Investments in shares listed at the Philippine Stock Exchange reached $934 million, accounting for more than half of total registered investments and up 28.3 percent over the $728 million registered in the same month in 2010.

The central bank noted that major beneficiaries were holding firms, banks, telecom companies, property firms and utility companies, all of which comprised 90.8 percent of total registrations. Investments in peso government securities accounted for 40.3 percent of the total or $687 million, a 280-percent increase from $180 million a year ago.

The remaining balance of $84 million was spread out in peso time deposits, unit investments trust funds and money market instruments, the BSP said.

“Strong macroeconomic fundamentals buoyed the keen interest in portfolio investments to the country in 2011, in contrast to a year ago when uncertainties loomed in April, a month before the May 2010 elections, leading investors to remain in the sidelines,” Tetangco said.

The top five investors came from the United States, the United Kingdom, Singapore, Luxembourg and Hong Kong, contributing 91.3 percent to total registered investments for the month.

Outflows decreased by 21.1 percent to $1 billion in April from $1.3 billion in March, but were 12.8 percent higher than the $913 million in April 2010.

Subsequently, cumulative transactions in the first four months resulted in a net inflow of $1.6 billion, up by 176.8 percent from $595 million in 2010. The year-to-date growth was attributed to the surge in investor interest in peso government securities, which amounted to $3.1 billion compared with only $419 million in the previous year.

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

Comment on this Article. Send them to

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
submit your comment in the box below




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

Today's  Stories    13  May 2011 Subsribe Now !
 • Microfinance increases in Cambodia Subcribe: Asean Affairs Global Magazine
• Indonesia retains rate Asean Affairs Premium
• Education to reduce software piracy
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Petronas to build refinery
• Hot money surges in Philippines

• Best employers in Thailand chosen

• Thai stocks still are best bet

• Vietnam needs more investment p

Asean Analysis    13  May 2011

Advertise Your Brand
• Asean presses for concrete sea rules Sponsor Our Events

Asean Stock Watch    13  May 2011

• Asean Stock Watch-May 13 p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


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


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


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