By: Daxim L. Lucas, Inquirer Business, 17 Oct 2019
The net outflow of short term investments from the Philippines was halved in September compared to the same period last year, but the total exodus so far of foreign portfolio investments continued to rise, according to data form the central bank.
The Bangko Sentral ng Pilipinas (BSP) said net outflow of $232 million was recorded in September as a result of the $1.5 billion outflow which more than offset the $1.3 billion inflow for the month. This figure is an improvement from the net outflow of $392 million recorded in August 2019.
From the start of 2019 to the first week of October, $1.33 billion in net outflow was recorded by the central bank compared to $74.6 million in net inflow in the same period in 2018.
In September 2019 alone, the $1.3 billion registered investments reflected a 7.2 percent increase from the $1.2 billion figure in August. /TSB
August 12 –
International Youth Day
“Empowering youth,
building generations!”
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!
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August –
Aug 1-7 World breastfeeding week
Aug 9 – International Day of the World’s Indigenous Peoples
Aug 12 – International youth day
Aug 19 – World humanitarian day
Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition
Monthly Observances:
Farms Safety Month
Breastfeeding Awareness Month
Weekly Observances:
Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week
Daily Observances:
Aug 1: Family Planning Day
Aug 9: National Indigenous Peoples Day
Aug 12: International Humanitarian Law Day
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