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
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
