Investments in securities boost hot money inflow

Quick Summary:

HOT money inflows nearly doubled in September on the back of increased investments in peso government securities and stocks, bonds and derivatives listed on the Philippine Stock Exchange (PSE), revealed the latest data from the Bangko Sentral ng Pilipinas (BSP).

The BSP said most of the investments in PSE securities were made in banks, holding firms, property developers, transportation services operators and companies engaged in the food, beverage and tobacco sector.

In addition, registration of said investments with the BSP, through authorized agent banks, may not necessarily coincide with either trade or settlement date of the underlying transaction, and thus, such registration may be effected even after the actual foreign investment transaction has long been completed.Cai U.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesLuxembourgMalaysiaSingaporeUnited KingdomUnited States

Topics: Securities Million Registered Investments Billion Gross September Percent Outflows Inflows Banks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:05:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23351430

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Official Website: businessmirror.com.ph

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News Last Updated: 17 hours ago

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