Philippines' foreign portfolio investments yield net outflows of US$4.2bil in 2020
4:42 PM MYT MANILA, Jan 30 (Xinhua):The Philippine central bank has said that more foreign capital left the country in 2020 due to the uncertainties brought about by the Covid-19 pandemic, local media have reported. The Bangko Sentral ng Pilipinas (BSP) said that foreign portfolio investments (FPIs) for 2020 yielded net outflows of US$4.2 billions. The BSP said the net outflows are in the Philippine Stock Exchange (PSE)-listed shares (3.3 billion U.S. dollars), peso government securities (GS) (US$931 million), and other portfolio instruments (US$22 million). The Philippine eco...
Source: thestar.com.my