MANILA, Philippines – Sustained high economic growth, investment upgrades, and healthy macroeconomic fundamentals attracted a large amount of portfolio investments in 2013, bringing annual inflows to US$28.4 billion, the highest in 14 years.
Foreign porfolio investments are also called hot money given the ease with which they enter and leave the country.
In a statement on Thursday, January 16, the Bangko Sentral ng Pilipinas (BSP) said the full year registered foreign portfolio investments were 53.7% higher than the $18.5 billion recorded in 2012.
In December, more than $1.2 billion funds went to local capital markets, 59.1% lower than November’s $3 billion. This was attributed to the announcement by the US Federal Reserve that it was winding down its stimulus program.
Hot money went mostly to Philippine Stock Exchange-listed securities (74.7%) and peso-denominated government securities (23%).
The main recipients of the PSE-bound funds were the following:
Holding firms
Banks
Properties
Food and beverage
Tobacco
Telecommunication firms
The main sources of portfolio funds with a combined share of 83.5% were:
United Kingdom
United States
Singapore
Hong Kong
Luxembourg
– Rappler.com
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Invoke Article 33 of the ILO Constitution
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against serious violations of
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Accept National Unity Government (NUG)
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November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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