Philippine Portfolio Investments Record $2-Billion Net Inflow as of August 2016

Foreign portfolio investments recorded a $2-billion net inflow in the first eight months of the year, reversing the $211.8-million net outflow in the same period last year. The inflows were traced to the P37-billion infusion made by Japan’s largest financial institution, the Bank of Tokyo Mitsubishi, in exchange for a 20 percent stake in Security Bank, as well as the P25.13 billion initial public offering of cement maker Cemex Holdings Philippines. The…

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