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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
