The Central Bank of the Philippines published data on foreign investment transactions registered through authorised agent banks, showing net outflows of USD 283.69 million in January 2025. The result reflected gross outflows of USD 1,602.72 million and gross inflows of USD 1,319.02 million, with net outflows 41.8% lower than December 2024. Gross inflows increased 25.0% month on month, with 67.9% (USD 896.09 million) placed in peso government securities and 32.1% (USD 422.93 million) in Philippine Stock Exchange-listed securities, mainly in banks, transportation services, property, holding firms, and food, beverage and tobacco. The United Kingdom, Singapore, the United States, Ireland, and Luxembourg accounted for 89.0% of inflows. Gross outflows rose 3.9% month on month, with the United States the largest destination at USD 559.27 million (34.9%). Year on year, January 2025 inflows rose 6.8% while outflows increased 22.2%, and net outflows were larger than in January 2024. The central bank reiterated that registration of inward foreign investments via authorised agent banks is optional under foreign exchange transaction rules, but is required if the investor (or representative) will purchase foreign exchange from authorised agent banks and/or their subsidiary or affiliate foreign exchange corporations for repatriation of capital and remittance of earnings. It also noted that the statistics cover registered investments including PSE-listed securities, peso-denominated government securities, peso time deposits with a minimum tenor of 90 days, other peso debt instruments, unit investment trust funds, and instruments such as exchange traded funds and Philippine depository receipts, and that registration may occur after the underlying trade or settlement.
Central Bank of the Philippines 2025-02-28
Central Bank of the Philippines reports USD 283.69 million net outflows in January 2025 registered foreign investments
The Central Bank of the Philippines reported net foreign investment outflows of USD 283.69 million in January 2025, with gross inflows rising 25.0% month on month to USD 1,319.02 million, mainly in peso government and Philippine Stock Exchange-listed securities. The UK, Singapore, the US, Ireland, and Luxembourg accounted for 89.0% of inflows, while the US was the largest outflow destination. The central bank noted that registering inward foreign investments through authorized agent banks is optional unless foreign exchange is purchased for repatriation or remittance.