By Katherine K. Chan, Reporter
NET FOREIGN portfolio investment inflows into the Philippines extended to a second straight month in June as investor activity improved despite lingering financial market volatility, according to Bangko Sentral ng Pilipinas (BSP) data.
Transactions on foreign investments registered with the central bank through authorized banks posted a net inflow of $170.12 million in June, lower than the $232.46-million inflows in May but exceeded the $18.34 million seen a year ago.
This was the second straight month that the country saw a net inflow in short-term foreign investments.
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