MANILA – The country enjoyed a near tripling of “hot money” inflows at the close of the third quarter, according to data released by the Bangko Sentral ng Pilipinas.
In a report, the BSP said net inflows of foreign portfolio investments hit $407 million in September, 5.2 percent higher than the previous month and 171.5 percent more than a year ago.
Gross investments reached $1.5 billion, up 20.4 percent from August and 8.9 percent from September last year. They came mostly from Hong Kong, the US, United Kingdom, France and Luxembourg. Gross outflows reached $1.1 billion, up 27.2 percent month-on-month.
Foreign money that flowed into the stock market was invested in food and beverage firms, telecom companies, property developers, banks and holding companies. Bulk of foreign money that stayed in the country in September was invested in stocks of listed Philippine companies and in government debt papers.
The BSP ascribed the increase in gross inflows to news of the European Central Bank’s plan to buy more bonds of distressed euro zone countries, Spain’s plan to trim its budget and the US Federal Reserve’s third round of quantitative easing. –InterAksyon.com
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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