April Foreign Portfolio Investments Up by 3.6%

The country recorded a net inflow of foreign portfolio investments worth $51.49 million in April. The number is up 3.6 percent on a year-on-year basis. The Bangko Sentral ng Pilipinas (BSP, Bangko Sentral ng Pilipinas, Philippine central bank) attributed the inflow to positive investor reaction to the World Bank’s view that the Philippines will continue to be a top performer in the region, as well as the continuous expansion in the GDP with…

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