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
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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