Philippine Jan. Foreign Portfolio Net Inflow At US$170 Mln

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Friday, the Bangko Sentral ng Pilipinas said transactions in foreign portfolio investments registered with the central bank showed a net inflow of US$170 million in January, in contrast to the US$43 million net outflow in December 2009. The inflow was, however, smaller than the US$221 million net inflow recorded a year ago.

Registered foreign portfolio investments in January stood at US$576 million, which were 15% higher than last year's US$502 million. Meanwhile, gross foreign portfolio investment outflows aggregated US$406 million, the bulk of which were withdrawals from interim peso deposits.

Friday, the Bangko Sentral ng Pilipinas said transactions in foreign portfolio investments registered with the central bank showed a net inflow of US$170 million in January, in contrast to the US$43 million net outflow in December 2009. (Market News Provided by RTTNews)